update on the eurcad trade
trade conditions updated due to strong bearish side. overall if in profit , adjust to take profit and look to sell under the following conditions.
If price reaches the 1.4630-1.4650 zone and shows rejection (e.g., bearish engulfing candle, break of structure), consider selling near this level. Aim for 1.4550 (previous OB-daily) as the primary target. Place it above the buyside liquidity zone at 1.4665-1.4670.
Allow price to reach key liquidity zones before making trading decisions.
1.4630-1.4650 Zone (Buyside Liquidity): This area could act as a significant resistance where price may seek liquidity. you should watch for bearish rejection here.
1.4550 Zone (Previous OB-Daily/Internal Liquidity): This is a critical support zone where buying interest could emerge if the price continues downward.
If price reaches the 1.4630-1.4650 zone and shows rejection (e.g., bearish engulfing candle, break of structure), consider selling near this level. Aim for 1.4550 (previous OB-daily) as the primary target. Place it above the buyside liquidity zone at 1.4665-1.4670.
Allow price to reach key liquidity zones before making trading decisions.
1.4630-1.4650 Zone (Buyside Liquidity): This area could act as a significant resistance where price may seek liquidity. you should watch for bearish rejection here.
1.4550 Zone (Previous OB-Daily/Internal Liquidity): This is a critical support zone where buying interest could emerge if the price continues downward.
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