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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..... 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 ... ...