This 1-hour EUR/CAD chart illustrates a short trade setup based on price action and supply-demand zones. The entry is near 1.56887, just below a significant resistance/supply zone marked in yellow and red, with the stop-loss positioned at the upper boundary near 1.57235. This area corresponds to a previous swing high and potential liquidity zone.
The take-profit levels are staged at multiple points below the entry:
TP1 around 1.55471
TP2 around 1.54748
TP3 around 1.54135
Final TP zone around 1.53100, near the extended yellow demand zone
The trade follows a risk-reward logic targeting multiple historical support and imbalance zones. Current price action is around 1.56671, showing a slight pullback after tapping into the resistance zone.
Highlighted regions:
Red zone: Stop-loss near 1.57235
Yellow zones: Supply and demand zones
Grey boxes: Imbalance/fair value gaps
Black lines: Key historical support/resistance levels
Lower yellow zone: Long-term target support area
Disclaimer:
This chart and analysis are for informational and educational purposes only and do not constitute financial advice. Trading Forex involves significant risk of loss and is not suitable for all investors. Always conduct your own analysis and consult a licensed financial advisor before making any trading decisions.
The take-profit levels are staged at multiple points below the entry:
TP1 around 1.55471
TP2 around 1.54748
TP3 around 1.54135
Final TP zone around 1.53100, near the extended yellow demand zone
The trade follows a risk-reward logic targeting multiple historical support and imbalance zones. Current price action is around 1.56671, showing a slight pullback after tapping into the resistance zone.
Highlighted regions:
Red zone: Stop-loss near 1.57235
Yellow zones: Supply and demand zones
Grey boxes: Imbalance/fair value gaps
Black lines: Key historical support/resistance levels
Lower yellow zone: Long-term target support area
Disclaimer:
This chart and analysis are for informational and educational purposes only and do not constitute financial advice. Trading Forex involves significant risk of loss and is not suitable for all investors. Always conduct your own analysis and consult a licensed financial advisor before making any trading decisions.
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.
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.