EG on Daily last year made enormous fakeout like 140 pips! Probably pissed off a lot of people. And now I see finaly retest, with another small 30 pips fakeout.
Last indecision candle on the bigger false breakout made demand area, which pushed price very high. Our fresh small 30 pips fakeout made at the same time retest of demand and the big fakeout - nice!. So...
I see, that CADCHF will be ranging for maybe next two weeks. Just made two interesting moves, two fakeouts in 12 hours! This is information for me about new ranging zone. Which I love to trade! So I set two limits, one sell and one buy. Playing both together my RR is 1:2.
EC has a lot of fakeouts, still fighting with resistance are, which is weaker and weaker. Resistance need a retest after last biggest fakeout, I think it will be really last retest. I'm not taking first trade because of very poor RR Ratio, only 0.8. If price will make what I want and bounce back to bottom, I will set buy limit after first engulfing bearish candle...
I found on H4 TF indecision candles near bigger legouts und draw there supply and demand areas. EU made twice a swap, just retested new demand zones and my idea is to catch the move to the next supply zone.
I want to see continuation of bullish movement. Engulfing candle on H4 was very nice, next candle has high and low smaller than that big one, so for me this is sign of high probability of bullish run. I want to see more confirmations before I will look for an entry
