EURCAD – LT Corrective Structure Still In Play (Daily chart)

Chris Capre 2ndskiesforex

Price Action Context

Since February, EURAUD has been stuck in a tight and somewhat unclean LT corrective structure at the lower end an even larger LT range.

Trending Analysis

Neutral bias, and as long as this range is in play, traders can look for potential trading opportunities around the top/bottom of the structure.

Key Support & Resistance Zones

R: 1.5140 – 1.5225
S: 1.4870 – 1.4950

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Author

Chris Capre

2ndskiesforex

Chris Capre is a professional forex trader and mentor specialized in Price Action trading, and the Ichimoku Cloud.

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