Waiting for trendline to break + engulfing bearish candle + supply zone to form
Not sure if this is a coincidence or not.. EURGBP is approaching its weekly supply level which price hasn't gotten to for an entire year (August 2017-August 2018) It just so happened to be that price is coming back to the exact area where price was at 1 year ago. If I plan to trade this, I'll be looking at the lower timeframes such as the daily, 12hr, 8hr and 4hr.
USDCAD shorting opportunity: Break of the trendline I would wait for a pullback to the 8h supply zone before shorting Trend showing LLs and LHs in the daily.
Breakout: further downside move ahead until the daily demand zone