What's up fellow traders? Hereby you find my analysis for EURCAD, which is a bit "confusing" and I will explain why.
Where the two parallel lines are drawn, you can see my RESISTANCE and SUPPORT. We can all agree that the market has reached both my SUPPORT and RESISTANCE but in a "swingy" way. How is that?
Simply as you can see, every time the market tries to reach my SUPPORT, goes first up, a bit, and then goes down.
With that being said, those who choose LONG POSITION, will definitely make profit, but not that much.
However, if you choose SHORT POSITION, you will definitely have a lucrative moment.
As a "trader", we all know that predicting the market's future is not a cup of tea. Therefore, I ask you guys to share your opinions with me and tell me what will happen.
SHORT or LONG?
Where the two parallel lines are drawn, you can see my RESISTANCE and SUPPORT. We can all agree that the market has reached both my SUPPORT and RESISTANCE but in a "swingy" way. How is that?
Simply as you can see, every time the market tries to reach my SUPPORT, goes first up, a bit, and then goes down.
With that being said, those who choose LONG POSITION, will definitely make profit, but not that much.
However, if you choose SHORT POSITION, you will definitely have a lucrative moment.
As a "trader", we all know that predicting the market's future is not a cup of tea. Therefore, I ask you guys to share your opinions with me and tell me what will happen.
SHORT or LONG?