here we can continue with bears and open sell short position.
Eurocad is below a resistance range. The price is weak and paralyzed to break the price of 1.477.
The rectangular range must be broken with the right strength so that the bulls can take over the market.
The evidence shows that so far the bears are winning against the buyers and have been able to somewhat neutralize the strong uptrend formed by JOLTS Jobs.
The 4-hour candle is completed with a high shadow. We must wait to see how the market will react to this situation.
** Financial markets are risky and very dangerous. This is not an investment or trading offer and is only a personal analysis**
have a good day
Eurocad is below a resistance range. The price is weak and paralyzed to break the price of 1.477.
The rectangular range must be broken with the right strength so that the bulls can take over the market.
The evidence shows that so far the bears are winning against the buyers and have been able to somewhat neutralize the strong uptrend formed by JOLTS Jobs.
The 4-hour candle is completed with a high shadow. We must wait to see how the market will react to this situation.
** Financial markets are risky and very dangerous. This is not an investment or trading offer and is only a personal analysis**
have a good day
Trade closed manually:
Market don't support my analysis
Have a good day
Have a good day
