I'M EXPECTING A FURTHER RETEST OF THE MAJOR SUPPLY AND DEMAND ZONE, AS YOU CAN SEE BY THE ANALYSIS I BELIEVE THE MOST RECENT CANDLE HAS BROKE TL RETESTED AND BOUNCED OFF, SHOULD SEE A STRONG SURGE UPWARDS AND THEN WILL BE LOOKING TO SHORT ONCE STRONG PRICE ACTION IS SHOWING ON 4HR/DAILY TIMEFRAME. GREAT RR SETUP, LETS SEE WHAT HAPPENS!
AFTER RECENT BULLISH STRENGTH THE MARKET IS CONSOLIDATING, I'M EXPECTING AN OUTBREAK THIS COMING WEEK. WE NEED A CLEAR BREAK OF THE 142 ZONE AND SHOULD SEE A CONTINUATION OF TREND TO THE NEXT LEVEL OF 148. ALTERNATIVELY WE COULD SEE A SURGE DOWN TO RETEST PREVIOUS LEVEL/TRENDLINE, PERSONALLY I WOULD EXPECT A BULLISH OUTLOOK TO BE MORE LIKELY BUT WE WILL HAVE TO SEE.
GOOD RR SETUP HERE WITH PLATINUM, PRICE ACTION SHOWING RESPECT FOR THIS SUPPLY/DEMAND ZONE, I SEE IT MAKING A NEW HIGH AS IN GENERAL UPTREND.
AT DAILY TRENDLINE, KEY SUPPLY/DEMAND AREA, PRICE ACTION SHOWING RESPECTING AREA AND DOJI ON 4HR. GREAT RR. BUY
EURCAD IN KEY AREA, WAIT FOR PRICE ACTION TO CONFIRM ENTRY, I AM LOOKING FOR THE CURRENT 4 HR TO CLOSE AS PIN BAR
A bullish engulfing candle has formed on the 1hr chart right near our entry area, we have higher lows, market is changing and a move to the upside should happen aggressively and soon.