EURUSD already arrive at Demand area last week seen on h1 time frame.
On m5 time frame, compression is already forming indicate the interest of buyer.
NO fresh Supply seen on above level, but it will surely give hiccup for the price to move up.
Instant buy on Monday when market open and Stop Loss at price around 1.116 (low of RBR seen on h1) and take profit...
USDCAD move in a range for almost a month. highest level of the range already break drop base drop (DBD) supply on its left. Lowest level of the range is bouncing on significant Support and Resistance. Great history to its left.
I decided to be in long position for this pair because of:
1. break of DBD on h4 time frame
2. there are bullish engulfing form as...
Last week, price is ranging from bear engulfing candle seen in h4 time frame till lowest level of last 2 week trading session. There are 2 possibilities happened during last week session:
1. seller try to hide their sell position for further drop or
2. buyer begin to show their interest and start to buy
I decide to long this currency based on the fact that price...
A big compression happen on 22nd May 2019 as you can see on the chart. Bear power is still weak to consider selling.
Buying opportunity emerged as there are DBR that break Resistance on 20 May 2019.
We can start to buy at liquidity level or we can wait and buy at QML on lower TF.
TAYOR (Trade at Your Own Risk)
