Lingrid | EURCAD Capitalize on SIDEWAYS movement

2 Oca

The price perfectly fulfilled my last idea. It hit the target. EURCAD market is currently moving sideways. On the daily timeframe, the price recently reached a strong resistance zone and then pulled back after creating a double top. Following five consecutive bullish weeks, I believe the market is due for a pullback. I anticipate that the price will reject the resistance zone around 1.49500 and the downward trendline, leading to further sideways movement. My goal is support zone around 1.48800

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

3 Oca

İşlem kapandı: hedefe ulaştı

The price dropped