Sellers has to retrace deeper.

Trend: Sell/Neutral

Support/Resistance:

R2: 1.4660

R1: 1.45954

S1: 1.45765

S2: 1.45240

S3: 1.44897

Price action:

Sellers has to retrace deeper if buyers will not come back under level 1.45765. Sellers at the point are showing good momentum, but overall market is still in buyers mindset.

Potencial trade idea:

Bulls targets:

T1: 1.45240

T2: 1.44897

NOTE – We are trading EURCAD via the preferred trading setups by EliteFxAcademy

Trade closed: target reached:

ALL targets are reached