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QSInvestments

EURCAD Supply Zone within a supply zone

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Euro / Dollaro canadese (OANDA:EURCAD)  
QSInvestments  
OANDA:EURCAD   Euro / Dollaro canadese
Supply and Demand Candlestick Analysis Multiple Time Frame Analysis Supply Zone supply_and_demand supplydemandanalytics EURCAD hourly Weekly Charts multipletimeframe
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supplyanddemand candlestick mtfa supplyzone supply_and_demand supplydemandanalytics eurcad hourly weekly multipletimeframe
I have reason to believe that if price continues to rally from here, in what is a downtrend judging from the daily chart, it will be overbought in a Supply Zone (lightly brown shaded backdrop) of the weekly (W) chart, and if it retests the hourly (1h) supply zone (grey shaded backdrop zone) then it will drop. How far? I'm guessing substantial since the supply is coming from both the weekly and the hourly. It's possible to end up with a 1:4 risk/reward if the target is reached well before a possible demand zone on the hourly.
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