EURCAD has been trading within a large range, with price repeatedly rotating between well-defined support and resistance levels. 📊
📌 Price is now retesting the upper bound of the range, where a major resistance zone comes into focus. As long as this resistance continues to hold, we will be looking for sell setups in anticipation of another move back toward the lower boundary of the range.
This area has repeatedly attracted sellers in the past, making it a high-probability zone to monitor. Rather than selling blindly, we will wait for bearish price action confirmation before considering short positions.
Will sellers defend the range resistance once again, or is a bullish breakout finally on the horizon? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📌 Price is now retesting the upper bound of the range, where a major resistance zone comes into focus. As long as this resistance continues to hold, we will be looking for sell setups in anticipation of another move back toward the lower boundary of the range.
This area has repeatedly attracted sellers in the past, making it a high-probability zone to monitor. Rather than selling blindly, we will wait for bearish price action confirmation before considering short positions.
Will sellers defend the range resistance once again, or is a bullish breakout finally on the horizon? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.