EUR/CAD: big short opportunity +900 pips (Long Term)
- Price respected demand zone at 1.46000.
- Accumulation formed at supply area then price dropped to demand zone at 1.42400.
- A full retest at minor supply at 1.44000 forming a new lower high.
- Intense liquidity area below the last equal lows at 1.42400.
- We may have a big bearish move to 1.4000 demand zone as a first target grabbing all the liquidity.
- Main target to the major demand zone at 1.34000.
- Accumulation formed at supply area then price dropped to demand zone at 1.42400.
- A full retest at minor supply at 1.44000 forming a new lower high.
- Intense liquidity area below the last equal lows at 1.42400.
- We may have a big bearish move to 1.4000 demand zone as a first target grabbing all the liquidity.
- Main target to the major demand zone at 1.34000.
Note
Wait for 4h closure below 1.43200.Note
- Huge bearish daily closure.- Price reached 1.43300 demand zone.
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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.
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.