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...
- Descending top on a downtrend. Price has found support. Order block created when price broke through support and trend.
- Now we enter back on support, between the high and open of the bearish candle that broke support.
- First TP is at previous support/resistance. Price will reject or break through.