The trade from last time EURUSD broke through the supply zone and continued its uptrend.
I was looking for either a continuation or a reversal.
According to the chart there was a clear break through the supply zone.
I did not trade this one unfortunately.
I was too hesitant to enter and then missed a big move.
Even though I saw that setup forming, I decided to stay away.
USDCAD Trading Analysis
I am currently looking at USDCAD.
Looks like we have reached a demand zone and price is waiting for more buyers to ignite a rally.
There is a bullish engulfing pattern on the daily chart.
I will be looking for a candlestick confirmation from the 4H chart.
Ideally this should happen on Monday, because if it occurs today, I might be more hesitant taking a position over the weekend.
Let’s see what price action will bring us.
Don’t forget to check out my recent article on Swing Trading