EURCAD continues to trade within a well-defined range, and price has once again respected its boundaries.
After recently testing the upper bound of the range around 1.6240–1.6270, EURCAD rejected the resistance zone and sellers took control, exactly as anticipated in our previous analysis.
Now, our attention shifts to the opposite side of the range.
📌 As EURCAD approaches the lower boundary around 1.6000–1.6030, we will start looking for buy setups.
As long as this support zone holds, a bullish rotation back toward the middle and potentially the upper boundary of the range remains possible.
The idea is simple: sell near range resistance, look for buys near range support — until the range breaks.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
After recently testing the upper bound of the range around 1.6240–1.6270, EURCAD rejected the resistance zone and sellers took control, exactly as anticipated in our previous analysis.
Now, our attention shifts to the opposite side of the range.
📌 As EURCAD approaches the lower boundary around 1.6000–1.6030, we will start looking for buy setups.
As long as this support zone holds, a bullish rotation back toward the middle and potentially the upper boundary of the range remains possible.
The idea is simple: sell near range resistance, look for buys near range support — until the range breaks.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.
📚 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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t.me/thesignalyst
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Trusted CFD Broker
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Trusted Crypto Prop Firm
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
📊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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.