01/11/2022
MONTHLY ANALYSIS OF EURCAD
The market is presently in a range trend which means the market has been forming lows and highs within a box.
Presently the market is on a support zone which suggests that sellers have taken over the market for while still within the zone.
A morning star candle pattern has been formed at the support zone which shows weakness in the Sellers Strength.
IT is expected that the MARKET will rally and buy to the TP1 level and if course the Tp2 level if the TP1 level is broken and retested.
In a situation where the sellers still push further, the structure of the market will entirety change
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