Analyse EURCAD
Starting to look at the high timeframe, we can see it's making higher highs over and over again, but price is holding at resistance. Looking at the weekly, price action is a little f*cked up, but it has some space to move, as well to the upside as to the downside.
But now it gets interesting, looking at the 4 hour chart. We can see price was in a bearish market structure, but it broke it last week. Meaning we only need to wait for a simple retest. Price could go higher of course, then we need to adjust the fib and the entry will be different. NOTE: there is an order block level at 1.54500, here price could also retest!
This chart is very similiar to the EURAUD one, goodluck this week traders!
Starting to look at the high timeframe, we can see it's making higher highs over and over again, but price is holding at resistance. Looking at the weekly, price action is a little f*cked up, but it has some space to move, as well to the upside as to the downside.
But now it gets interesting, looking at the 4 hour chart. We can see price was in a bearish market structure, but it broke it last week. Meaning we only need to wait for a simple retest. Price could go higher of course, then we need to adjust the fib and the entry will be different. NOTE: there is an order block level at 1.54500, here price could also retest!
This chart is very similiar to the EURAUD one, goodluck this week traders!
