Lingrid

Lingrid | EURCAD short after FAKE break of the RESISTANCE

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FX:EURCAD   Euro / Dólar Canadense
The market reached the key resistance zone at 1.47000. EURCAD overall in the range zone on the 4H timeframe. The price is showing weakness near the level. I think the market will make a fake breakout of the resistance and an upward trendline. I will look for a test of the zone and move down towards support if the price forms a long-tailed bar or engulfing candle pattern. I expect the price to continue trending in the 4H timeframe. My goal is the support level at 1.46510


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