EURCAD - Sell Setup at Clear Resistance Zone

1月24日

EURCAD is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, leading to reversals. If the price confirms rejection through bearish price action, such as wicks signaling rejection, I anticipate a move downward toward the 1.49600 level.

However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside.

Proper risk management is essential, given the possibility of price breaking higher.

This is not financial advice but rather how I approach support/resistance zones. Always wait for confirmation, like a rejection candle or volume spike before jumping in. And let me know what you think of this setup in the comments!

1月27日

交易進行

2月2日

註釋

I have secured it with a BE

2月3日

交易結束：目標達成