Lingrid | EURCAD shorting OPPORTUNITY at the KEY zone

The price perfectly fulfilled my last idea. It hit the target. EURCAD is forming ABCD move on the 4H timeframe. The price dropped from this area and it might act as key resistance. If the market manages to push higher toward the 1.48500 level or even above, it could be a opportunity to short alongside the bearish trend by a liquidity grab, where the market takes out stops and attracts sellers before reversing. If price shows signs of rejection at these higher levels—especially if we see bearish pinbar or other confirmation signals—there is a strong possibility of a significant bearish move following that rejection. My goal is support zone around 1.47910

 Lingrid | EURCAD Capitalize on SIDEWAYS movement


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

Disclaimer