EURCAD Lengthy past of rejection

19 Mar 2018

Inspect the chart's past of the price zone and you will see multiple occurrences of sharp, aggressive price action dating back as far as 2005. There is buildup of high resistance stopped countless attempts and rarely successfully. RSI is also reading that the pair was overbought.

20 Mar 2018

İşlem aktif

Currently 65 PIPS in profit from current bearish movement. Will ride it until the stops unless I see signs of weakness!

21 Mar 2018

İşlem aktif

Bullish movement is moving as predicted. Currently 185 PIPS in profit.

21 Mar 2018

Yorum

Upon reaching the take profit, I see agree with user Siyandaidude about where price will go after the fall.

30 Mar 2018

İşlem elle kapatılmış

Traded has been closed early, but still profited about 115ish PIPS. Another idea will be posted for current EURCAD situation.