EURCAD – Look to sell on bearish price action if we hold below key resistance.
Key Levels: Resistance / Support = 1.5490 Weekly
Price Action: Price needs to hold below level noted on hourly time frame for me to start selling. Group awaiting confirmation, which will be determined by Mondays range next week.
Notes: I'm waiting for price to hold above this pivotal level, I will be selling into strength whilst price is below this important price zone.
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Technical based trader sharing my thoughts