CADCHF seems to be overbought, as it has been just bearish since the start of 2022. I would say this a good time to buy because if price is bearish we would expect it to respect supply, in this case it has not respected the supply we are targeting, we also have a zone above that we could target but we 30 Risk to Reward ill be happy with.
EURGBP has been overall bearish for the past months, meaning it has been respecting demand for months, i seen that it has left behind a Supply/order block that it has not tapped into, i am now anticipating that price will come back to that order block before the next leg down!
I have set alerts at that supply, will be monitoring it once price gets to that point, due to the fact that i am not comfortable with the stop loss size would rather wait for lower time frame CHoCH
took this trade from a demand that price has left behind, and as we know market always takes out Asian highs and lows and at this point it had to take out the Asian low to get to my demand, now i am anticipating that price will take out the Asian highs and hit my Take profit respecting a supply above!
