DeGRAM | EURCAD kill zone to the market Short

Euro Fx/Canadian DollarFXCM

Description

⋅ Aug 4, 2023 9:06 AM

EURCAD is moving in the descending channel, but as you can see, the market overall is consolidating.

Price broke and closed above the previous high. It is moving to the resistance where the market dopped twice.

If the market reaches this level, there is a nice kill zone to short the market; harmonic pattern, channel border, resistance, and fibo level.

-------------------

Share your opinion in the comments and support the idea with like. Thanks for your support!

Comments

BuzzedHQ

⋅ Aug 5, 2023 6:41 PM

Wishing I saw this earlier, it would had saved me some loses but nevertheless, it's a sell on Monday 🔥

FOREXN1

⋅ Aug 4, 2023 6:10 PM

It can works very nice !

CryptoCheck-

⋅ Aug 4, 2023 5:19 PM

Great work here thanks

FirstNameHelen

⋅ Aug 4, 2023 2:12 PM

Looks very good, thanks for sharing your idea

WalterMoon

⋅ Aug 4, 2023 2:09 PM

Thanks for your technical analysis

ArmanShabanTrading

⋅ Aug 4, 2023 11:36 AM

Great job!

AlloysK

⋅ Aug 4, 2023 9:38 AM

What scares me about Canadian pairs this morning is the fact that they will be realising critical economic report in less than 3 hours... I dont know what to expect.

DeGRAM

⋅ Aug 4, 2023 9:29 AM

Good luck in the markets and have a great one!