False breakout probability - EURCAD
Updated
Hello Traders,
I think there is a high probability of false breakout in EURCAD. It can be March 3 or March 4.
Resistance zones to the upward movement pointed out on the chart.
I'll update the analysis later if the context changes.
As you know, it is not a financial advice.
Good luck
I think there is a high probability of false breakout in EURCAD. It can be March 3 or March 4.
Resistance zones to the upward movement pointed out on the chart.
I'll update the analysis later if the context changes.
As you know, it is not a financial advice.
Good luck
Note
As I mentioned March 3 or March 4.I think it is a good time to buy now
Note
I didn't expect more downward movement (gray box in the picture below) but the signal still valid and I expect reverse for the next few candles (days)Note
Almost hit the last resistance line. Had two entries as mentioned above and in the comments.¨
I was a bit early for taking the positions
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