Lingrid | EURCAD testing SWAP ZONE

29 Apr

The price perfectly fulfills my last idea. It hit the target. EURCAD broke through the range zone, and it pulled back to it after testing the support. Price action made impulse moves down from resistance, where a swap zone was formed. The market trend is bearish; therefore, I expect the price to continue to move lower toward support from resistance, which is the previous day high. I think the market might test the equal lows below. On the daily timeframe, the market formed long-tailed bars, indicating bearish pressure. My goal is to support at 1.46010

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻