EurCad - bulls are looking for new resistance

26 de jan. de 2020

EC has a lot of fakeouts, still fighting with resistance are, which is weaker and weaker. Resistance need a retest after last biggest fakeout, I think it will be really last retest. I'm not taking first trade because of very poor RR Ratio, only 0.8. If price will make what I want and bounce back to bottom, I will set buy limit after first engulfing bearish candle on H4. Second setup have RR 3.3, so perfect. Patience always pay, so now I'm only setting price alarm at 1.45431. This should be the end of this area and price after bounce from demand need to go to first big retest of new resistance and supply.