False breakout probability - EURCAD

2 Mar 2022

Hello Traders,

I think there is a high probability of false breakout in EURCAD. It can be March 3 or March 4.

Resistance zones to the upward movement pointed out on the chart.

I'll update the analysis later if the context changes.

As you know, it is not a financial advice.

Good luck

3 Mar 2022

Not

As I mentioned March 3 or March 4.
I think it is a good time to buy now

4 Mar 2022

Not

I didn't expect more downward movement (gray box in the picture below) but the signal still valid and I expect reverse for the next few candles (days)

11 Mar 2022

Not

Almost hit the last resistance line.
Had two entries as mentioned above and in the comments.¨
I was a bit early for taking the positions