EURCAD 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 @...
EURCAD Currently in Resistance Zone ..What we can expect.....
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
Price fails to break resistance and return to Support Zone and then it make a move towards resistance ...
. There is a possibility of temporary retracement to suggested support line (1.4592). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....