Eddie3026

EUR/CAD Potential for both Buy and Sells.

FX:EURCAD   Euro / Canadian Dollar
Daily: price is making a good structured move to the downside, below the EMA's and showing sell on the forex screener.

4H: Price is making good structured down side movement, forming LH's and LL's.

Price is above the EMA's, but only just.

Price is currently sitting in a 4H supply zone, and wicked through it.

1H: Price has accumulated within the daily Swing Leg, pushing up into the 618 level, Price has reacted of 4H supply.

Assessment: Price is Bullish on the 1H as 1H structure has been broken, Price may move into the 30M demand and push back up,

Once price breaks the 1H swing Low it will be within the Daily Bearish trend also.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.