EURCAD LONG AND SHORT SETUPEURCAD MOVING TOWARDS RESISTANCE WHAT CAN HAPPEN.....????
RED LINE :
IF VOLUME IS HIGH THEN IT WILL BREAK THE RESISTANCE AND NOW WAIT FOR RETEST AND THEN..
GO LONG @ 1.55600 WITH STOP LOSS @ 1.55270
TAKE PROFIT @ 11.56600
GREEN LINE :
IF VOLUME IS LESS AND FAIL TO BREAK THE RESISTANCE THEN
GO SHORT @ 1.55550 WITH STOP LOSS @ 1.55750
TAKE PROFIT @ 1.54800
Eurcad4hr
EURCAD 4HR FORECASTEURCAD Currently in Resistance Zone ..What we can expect.....
1) RED
Price break the resistance level and move downwards for correction and NOW resistance zone act as
Support Zone then GO LONG @ 1.55150
Take Profit @ 1.56280
2) BLUE
Price fails to break resistance and return to Support Zone and then it make a move towards resistance ...
Since it was fresh Zone can GO SHORT @ 1.55010
Take Profit @ 1.54200