EURCAD: can the price break the trend?
At the beginning of this year, the price returned to a downtrend. The main lines of this trend start from August (resistance) and March (support) 2020. Also noteworthy is the price level 1.532, where the price is now. There were frequent corrections from this level. Now the price will bounce off it and rise to the 1.544 line. After that, either it breaks the trend or drops to the lower border 1.518 - we will wait.
SL - 1.549.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 1.549.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.