EURCAD Possible Buy Opportunity
1) D1 shows Rounding Bottom and highest price capped at around 1.59.
2) Zooming to H4, price respected downtrend channel by bouncing inside the channel, thus creating the "Handle".
3) Demand Zone was marked from previous price (23 Jul 2020). [Price Range : 1.54754 - 1.55162]
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I expect the price to go back to the demand zone and bounce up, if it break the channel after bouncing from the supply zone, it'll be a possible buy opportunity.
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This is just my idea, we can't control the market. Any idea just comment below. Good luck! :D
2) Zooming to H4, price respected downtrend channel by bouncing inside the channel, thus creating the "Handle".
3) Demand Zone was marked from previous price (23 Jul 2020). [Price Range : 1.54754 - 1.55162]
.
.
I expect the price to go back to the demand zone and bounce up, if it break the channel after bouncing from the supply zone, it'll be a possible buy opportunity.
.
.
This is just my idea, we can't control the market. Any idea just comment below. Good luck! :D
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