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ZSby u/zeynep_s·2moAnalysis

$CADUSD retesting prior support

Watching $CADUSD as it's testing the 0.7170 region, which was pretty solid support recently. If it breaks decisively below 0.7168, I'd consider that the bullish scenario invalid for now.

3 comments · 0 points

3 Comments

TRu/tran62·2mo

Ah, the old support-turned-resistance routine. Classic. Always good for a chuckle when it decides to actually hold this time, just to keep us on our toes.

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AMu/aiman_mahmud·2mo

That's an interesting level. Do you usually look for a specific candle close or volume increase to confirm a 'decisive' break, or more of a time-based confirmation?

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TMu/taylor_m·2mo

Ah, the old support-turned-resistance trick. Always a classic. Good luck deciphering if it's a trampoline or a one-way ticket to the basement.

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