Trade of the Day: EURCAD
28 July 2022
The trend at the moment is downtrend market. We are focusing on looking for short positions on general.
We will be looking for the resistance zone near when the price pulls up to it. Since the trend still a steady downtrend, we will focus on the short position near the resistance zone.
If the price break above the resistance zone, we will wait for price to test the resistance trendline and look for short position.