TREND CYCLE, PRICE ACTION, NOW MOMENT
EURCAD
Market formed a falling wedge with the series of swing highs and swing lows.
The resistance of the falling wedge is break followed by shift of market structure (break of previous 4Hour swing high)
What is the psychology behind?
Is that buyers are willing to take the price of EURCAD to higher prices.
For now moment sell at current price and stop level above ZONE 01 to around ZONE 02
For long term trade GO LONG as price reach ZONE 02 and stop level below it.
STAY UPDATE
LIKE, COMMENT, SHARE WITH FRIENDS
Market formed a falling wedge with the series of swing highs and swing lows.
The resistance of the falling wedge is break followed by shift of market structure (break of previous 4Hour swing high)
What is the psychology behind?
Is that buyers are willing to take the price of EURCAD to higher prices.
For now moment sell at current price and stop level above ZONE 01 to around ZONE 02
For long term trade GO LONG as price reach ZONE 02 and stop level below it.
STAY UPDATE
LIKE, COMMENT, SHARE WITH FRIENDS
Comment:
Done with SHORT trade, you can go LONG and stop below ZONE 02
Trade closed: stop reached