Massive upside potential on EURCAD ⚡
HTFs - zooming out to the weekly and daily charts to see a clear bullish impulse and price has been correcting ever since for a number of weeks, potentially acting as a bull flag for more upside |
LTFs - essentially treating this as it's own pattern. Descending channels within descending channels and recent lows broken all points to a higher probability of a bullish reversal |
ENTRY - lows broken correctively, patterns within patterns all approaching an area of multiple confluence. I'll be waiting for the market to show me a signal with a move up first; aggressive entry on the first flag. Otherwise no trade for me
LTFs - essentially treating this as it's own pattern. Descending channels within descending channels and recent lows broken all points to a higher probability of a bullish reversal |
ENTRY - lows broken correctively, patterns within patterns all approaching an area of multiple confluence. I'll be waiting for the market to show me a signal with a move up first; aggressive entry on the first flag. Otherwise no trade for me
Comment:
Market has given a signal as to direction with a clear bullish impulse. I'll see if this corrects during the Asian session ready for an entry around the London session tomorrow. No need to rush
Comment:
Ideal entry appeared in the night during Asian session while sleeping. Can't get them all