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Yuriy_Bishko
May 20, 2020 7:58 AM

EURCAD is close to the Resistance Zone! Long

Euro Fx/Canadian DollarFXCM

Description

We can look for ana accurate Buy entry if the price will cross the Resistance Zone and fix above it.
The local trend is bullish!
Potential profit will be 3 times bigger than the risk.

Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
Comments
FxVibesOnly
What's make you Buy here and not sell?
its in consolidation mode.

Here is my idea!
FollowMyForex
We identified that resistance zone in exactly the same way and are short at the moment. It is holding strong right now:

Yuriy_Bishko
@FollowMyForex, good chart!
AlgoSurfer
Hey Yuriy,

I've seen a lot of TA's from other users as well about currencies hitting the resistance layers and going in full bull-mode in a few days or weeks. Is this because markets are opening again and the COVID-19 situation is ending?

This is as far of fundamental analysis I've done lol. I've pondering about this for a few days now, can you shed some light on this? How can we be sure about this?

Thanks in advanced for your feedback, your trading insight mean a lot!
Yuriy_Bishko
@ALXvirtual, we trade possibilities. Nobody sure)
AlgoSurfer
@Yuriy_Bishko, Yes we should always keep this in mind, and keep managing our risks. 🙌😋
Yuriy_Bishko
@ALXvirtual, thanks for your likes and comments! Yes, covid is gone. a lot of instruments can start to rise
AlgoSurfer
@Yuriy_Bishko, Let's see what happens. :D
Yuriy_Bishko
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