False breakout probability - EURCAD

2022年3月2日

Hello Traders,

I think there is a high probability of false breakout in EURCAD. It can be March 3 or March 4.

Resistance zones to the upward movement pointed out on the chart.

I'll update the analysis later if the context changes.

As you know, it is not a financial advice.

Good luck

2022年3月3日

注释

As I mentioned March 3 or March 4.
I think it is a good time to buy now

2022年3月4日

注释

I didn't expect more downward movement (gray box in the picture below) but the signal still valid and I expect reverse for the next few candles (days)

2022年3月11日

注释

Almost hit the last resistance line.
Had two entries as mentioned above and in the comments.¨
I was a bit early for taking the positions