This is not a strong prediction but for EURCAD I feel like the buying pressure will be strong enough to stop the sellers from using the price as resistance because the past support lvl for buyers was a very strong lvl in the day time frame.
I think that when price gets to the area of the blue rectangles, selling power will become stronger as that area is a hourly resistance/support lvl.
After that I don't know where the market will go. Can someone please tell me how well I did this?
(this is paper money btw)
I think that when price gets to the area of the blue rectangles, selling power will become stronger as that area is a hourly resistance/support lvl.
After that I don't know where the market will go. Can someone please tell me how well I did this?
(this is paper money btw)
Note
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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.