EURCAD ๐ช๐บ๐จ๐ฆ
Hello Traders ! ๐๐พ
After banking over 400 PIPs last week, we are already looking forward to the next one ! ๐ฃ
The rise of CANADIAN DOLLAR appears to continue.๐
So I've marked my uptrend line with the letter A.
On the letter B, we can check that the pair was unsucessfully trying to break the trend for 12 HOURS.
On the next day, the pair managed to break the trend line, and was testing its new resistance for 9h, again unsucessfully. โ
So, in MY POINT OF VIEW, that blue area is an area very very strong.
Previously acting as support, now acting as resistance.๐ช๐พ
Lately we had another re-test marked with D, once again failed, so definitely my BLUE AREA is a very difficult area to break.
I'm expecting a drop to it's trend support area, giving us a chance of +80 PIPs.๐ฏ
This trade will be entered as soon as the pair re-tests my GREEN LINE โ
LEAVE YOUR OPINION IF YOU FOUND THIS IDEA USEFUL ๐๐พโโ๏ธ
DONT FORGET TO SHOW US SOME LOVE BY FOLLOWING OUR PROFILE ๐
After banking over 400 PIPs last week, we are already looking forward to the next one ! ๐ฃ
The rise of CANADIAN DOLLAR appears to continue.๐
So I've marked my uptrend line with the letter A.
On the letter B, we can check that the pair was unsucessfully trying to break the trend for 12 HOURS.
On the next day, the pair managed to break the trend line, and was testing its new resistance for 9h, again unsucessfully. โ
So, in MY POINT OF VIEW, that blue area is an area very very strong.
Previously acting as support, now acting as resistance.๐ช๐พ
Lately we had another re-test marked with D, once again failed, so definitely my BLUE AREA is a very difficult area to break.
I'm expecting a drop to it's trend support area, giving us a chance of +80 PIPs.๐ฏ
This trade will be entered as soon as the pair re-tests my GREEN LINE โ
LEAVE YOUR OPINION IF YOU FOUND THIS IDEA USEFUL ๐๐พโโ๏ธ
DONT FORGET TO SHOW US SOME LOVE BY FOLLOWING OUR PROFILE ๐
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