TREND CYCLE, PRICE ACTION, NOW MOMENT
Updated
EURCAD
Market formed a falling wedge with the series of swing highs and swing lows.
The resistance of the falling wedge is break followed by shift of market structure (break of previous 4Hour swing high)
What is the psychology behind?
Is that buyers are willing to take the price of EURCAD to higher prices.
For now moment sell at current price and stop level above ZONE 01 to around ZONE 02
For long term trade GO LONG as price reach ZONE 02 and stop level below it.
STAY UPDATE
LIKE, COMMENT, SHARE WITH FRIENDS
Market formed a falling wedge with the series of swing highs and swing lows.
The resistance of the falling wedge is break followed by shift of market structure (break of previous 4Hour swing high)
What is the psychology behind?
Is that buyers are willing to take the price of EURCAD to higher prices.
For now moment sell at current price and stop level above ZONE 01 to around ZONE 02
For long term trade GO LONG as price reach ZONE 02 and stop level below it.
STAY UPDATE
LIKE, COMMENT, SHARE WITH FRIENDS
Note
Done with SHORT trade, you can go LONG and stop below ZONE 02Trade closed: stop reached
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.