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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Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
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.