A short term setup on EURCAD.
EURCAD / 4H
Hello traders, welcome back to another market breakdown.
EURCAD is trading locally in a tight channel, where traders look to short the resistance and buy support. However, the main trend is bullish, a break of the trend line would indicate a change of structure.
I'll be waiting for a confirmation on LTF at resistance.
Trade safe,
Trader Leo.
Hello traders, welcome back to another market breakdown.
EURCAD is trading locally in a tight channel, where traders look to short the resistance and buy support. However, the main trend is bullish, a break of the trend line would indicate a change of structure.
I'll be waiting for a confirmation on LTF at resistance.
Trade safe,
Trader Leo.
Note
No confirmation of the trend line at all
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.