EURCAD 2 hour Block Review - February 24, 2020
This trade has already been taken, not a setup
- EURCAD created an orderblock on the 2 hour timeframe.
- Block created after a break of a downtrend.
- Before the week ended I caught price breaking through and resting on this block, near the high of it
- Entry was on the block with TP at around 1.44500 which is where a previous 4 hour block was and where previous major support was found. I expect price to come to this area to create a new resistance or break through.
- EURCAD created an orderblock on the 2 hour timeframe.
- Block created after a break of a downtrend.
- Before the week ended I caught price breaking through and resting on this block, near the high of it
- Entry was on the block with TP at around 1.44500 which is where a previous 4 hour block was and where previous major support was found. I expect price to come to this area to create a new resistance or break through.