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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📊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
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.