#EURCAD price trading 1hr resistance and bearish engulfing candlesticks formed its will take entry for below the bearish engulfing candlesticks and its will go for the next level of support
Why we like it:
price trading near the 1hr resistance
bearish engulfing candlesticks formed
possible to move next support area
1st support:
1.49275
Next Zone area & horizontal swing Low support
2nd support:
1.48615
Next Zone area & horizontal swing Low support
1st Resistance
1.50647
Zone area & horizontal swing high resistance
Why we like it:
price trading near the 1hr resistance
bearish engulfing candlesticks formed
possible to move next support area
1st support:
1.49275
Next Zone area & horizontal swing Low support
2nd support:
1.48615
Next Zone area & horizontal swing Low support
1st Resistance
1.50647
Zone area & horizontal swing high resistance