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MauMau

EURCAD Supply Zone Opportunity

Short
Euro / Canadian Dollar (OANDA:EURCAD)  
MauMau Updated   
OANDA:EURCAD   Euro / Canadian Dollar
Trend Analysis Technical Indicators supply_zone demand_zone price_action
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trendanalysis indicator supply_zone demand_zone price_action
Strong Supply Zone on the M30. Confluence with H1/H4/D1. Looking to sell and cover at 3:1. Possible to extend target to 4:1 and exit before reaching a potential Demand Zone.
Comment:
With the two strong moves away near the Supply Zone the unfilled orders have decreased thereby lowering the probability of this zone holding.
Comment:
Exited at BE after price reached 1:1 then retraced to zone.
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