Home Forex Market Analysis Forex Signals EURCAD Breakout Retest BUY

EURCAD Breakout Retest BUY

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Flow Assessment

  • Price has reached a key H4 sellers area (pink line) so we anticipate down-flow to continue, however the sellers so far have not shown much strength relative to buyers, hence we anticipate intermediate buys

Location Assessment

  • Price is reacting at a key high volatility buyers area, where there are some signs that they are defending the level

Momentum Assessment

  • Price has had a SL hunt, where some sellers have been trapped. This gives us our entry trigger.

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