EURCAD is approaching the upper bound of its trading range, where it also meets a key supply zone marked in red. 📈
Price is now testing a high-confluence resistance area, formed by the intersection of:
• The upper bound of the range.
• The supply zone marked in red.
📌 As EURCAD approaches this confluence, we will be looking for sell setups, anticipating another rejection toward the lower bound of the range.
As always, rather than selling blindly into resistance, we will wait for bearish confirmation before considering any short positions.
Will sellers defend this key resistance zone once again? 🤔
⚠️ 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 testing a high-confluence resistance area, formed by the intersection of:
• The upper bound of the range.
• The supply zone marked in red.
📌 As EURCAD approaches this confluence, we will be looking for sell setups, anticipating another rejection toward the lower bound of the range.
As always, rather than selling blindly into resistance, we will wait for bearish confirmation before considering any short positions.
Will sellers defend this key resistance zone once again? 🤔
⚠️ 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
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Disclaimer
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📊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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.