Lingrid | EURCAD divergence at the RESISTANCE. Short
The price action has rebounded from the resistance zone and formed a divergence at this level. Currently, the price is testing the key resistance at 1.5000, having recently formed a false breakout by taking liquidity above it. On the weekly timeframe the market reached the supply area where the price bounced off twice. I anticipate a retest of the main resistance before rolling back toward the support level. My goal is the support level at 1.49520
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
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