EURCAD ICT setup with double entry!

4 сент. 2023 г.

Analyzing EURCAD on the H1 timeframe, you can immediately notice an uptrend after the London session, with the price currently at 1.4670 as of the time of writing. I have highlighted two possible reaction points. The first one consists of a double demand zone at H1+M15+POC at 1.4660, where I will be waiting for a price reaction, and the price should close the arrival candle above the current POC level to confirm the uptrend. As the second zone, I have identified a breaker block, which is a support/resistance zone where I expect the price to bounce before a descent. As you can see, the zone at the level of 1.4760 was used by the price as a reaction zone for a breakout from the high at 1.4670, and it was subsequently broken, forming an offer zone within it at M15. Let me know what you think. Happy trading, everyone.