Hello everyone! Chart of the EURCAD currency pair. The pair is trading at the level of 1.4632. When it comes to choosing between buying and selling, the choice is likely to be made by sellers. This does not mean that there are no buyers. But sellers are currently more active. I plan to hold a short position trade long enough to lock in profit at the level of 1.4581. At the same time, I do not exclude the possibility of partially closing the position. Of course, in this case, my profit will decrease, but such a conservative approach will allow me to maximize the security of my deposit: Above the level of 1.4581, I would watch for a reversal and try to trade bullish signals.
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