usd cad Price Action . Price is reacting to old supply and demand zones. – Playstore

usd cad Price Action . Price is reacting to old supply and demand zones.

Price Action Forex trading

Usd/cad chart posted here. Price action is quite subdued by filling demand buckets and reacting to upper supply zones and then falling very seriously. Previously stated price is tend to resume or are we seeing a big rally to upwards.

My idea is that we should see the approach first to react to 1.3370-80 zone area & then I’ll update the post for possible target zone if there is new zone created of demand when it breach the recent high. Then we will possibly see that short term rally is eyeing multi month top & we should only look to trade to long opportunities.

But As I said, Its totally on the approach, when price leave that zone and then reaction to reach to upper supply zone created and that fall is very strong and I would possibly recommend shorting around that zone and then target 1.3210 area with stops around 1.3410 area. Offering very good Risk to Reward opportunity in sight.

Usd/cad supply and demand zones clearly marked on the chart

Update on 03rd September 2021

Look at the Chart Above & below. Aren’t they same. IS the price Action clues of rejection from true FTR of the Flag.

There is still room for more rejection & I would surely update the chart in real time, when that opportunity arrives. Stay Short Usd/cad

Related Posts

Is this market really fundamentally driven ?

I’ve seen market takes turn based on what big players are focusing. Federation and Trump & OPEC, people with big guns turns the market at will. How…

Euro bulls have not finished yet look to add more longs

Hello traders, Its quite a long time since I have updated the blog but recent assignments and training did not allow me to complete all tasks assigned….

How to define PA zones in a flag Forex Trading strategies

Its has quite fascinated to see pound rallies to the target. Now new trade opportunity awaiting and with a very good risk reward. But we need to…

usd bears are looking for massive opportunities to short dollar against Euro

Euro is still in quite consolidate mode but it won’t be for longer periods . We have witness massive shorting opportunities at the release of non-farm payroll…

Forex Trading with Risk Reward & Low risk pullback entries

How to trade Pullback in Forex Trading Forex is all about sighting opportunities & wait till we saw trend resumes and always consider whats happening on bigger…

Us dollar Futures and Federation policy—- A strangulation for traders

Forex strategies ways to find imbalance on a currency chart It has been quite a while since federation has hike the rate in sequences but It has…

Leave a Reply

Your email address will not be published. Required fields are marked *

Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.