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onzzfx
Apr 19, 2020 7:02 PM

EURCAD LONG  Long

Euro Fx/Canadian DollarFXCM

Description

Price is currently at retail support level which may encourage buyers to step in with an attempt to push the price up. However, before a big move to the upside there is a chance price may spike down into the liquidity zone I have to hunt their Stop losses and trigger some retail sell stops. After it does that the Institutional banks may enter their buy positions at premium price to then push the market to the upside and target liquidity levels up there.

Good luck!
-Always use correct risk management
P.S this is speculative setup, not investment advice..
Comments
Dave-FX-Hunter
That is good analysis,

onzzfx
@DaweFXHunter, Thank you mate, very nice markup on your chart as well. Will be interesting to see how this plays out..
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