Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
We see that EURCAD is in a fantastic bullish trend here on the 15m. It looks like the price might break through this first level resistance any time soon. When that does happen, I am bullish and believe the price will go to the second level of resistance. I suggest to wait first for confirmation, and see if the price does break through this resistance. Only when it does, go for the buy order. If there is a rejection, either short sell it or leave the trade immediately.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!