EUR/CAD AROUND A MASSIVE AREA !
Hello Traders, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EUR/CAD, as we clearly see price is overall bearish trading inside this falling broadening wedge from a long-term perspective
However, we are now around a massive area to look for sell setups
WHY?!
1-Here we go, price is around a massive horizontal resistance area as we can see
2-And approaching the falling trendline that covers the overall movement right!
3-In addition to the upper bound of the channel that is bullish from a medium-term perspective
So, technically we will be searching for setups over there like a trendline break or Double top or any bearish reversal pattern
Unless price managed to break above these rejections and traded higher then, this resistance will become a support and we will be searching for buy setups on the retest
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
EUR/CAD, as we clearly see price is overall bearish trading inside this falling broadening wedge from a long-term perspective
However, we are now around a massive area to look for sell setups
WHY?!
1-Here we go, price is around a massive horizontal resistance area as we can see
2-And approaching the falling trendline that covers the overall movement right!
3-In addition to the upper bound of the channel that is bullish from a medium-term perspective
So, technically we will be searching for setups over there like a trendline break or Double top or any bearish reversal pattern
Unless price managed to break above these rejections and traded higher then, this resistance will become a support and we will be searching for buy setups on the retest
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
Catatan
Telegram channel: t.me/Snipers_F_x
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.