EURCAD is moving in the descending channel, approaching the psychological level.
Price broke and closed above the previous high. It is moving to the resistance where the market dopped twice.
If the market reaches this level, there is a nice kill zone to short the market: channel border, resistance or psychological level at 1.47000, and 88.6% fibo retracement level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Price broke and closed above the previous high. It is moving to the resistance where the market dopped twice.
If the market reaches this level, there is a nice kill zone to short the market: channel border, resistance or psychological level at 1.47000, and 88.6% fibo retracement level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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