Lingrid | EURCAD long OPPORTUNITY in Consolidation Zone

has formed a double bottom at the intersection of the support level and upward trendline after a steep correction from the 1.57201 high. The price is consolidating just above 1.56000, showing signs of reversal as it tries to reclaim the bullish structure. A confirmed breakout above minor resistance may open a path toward the 1.56760 level.

📈 Key Levels

Buy zone: 1.55800–1.56050
Buy trigger: close above 1.56200
Target: 1.56760
Sell trigger: drop below 1.55800

💡 Risks

Failure to hold above the upward trendline could invite bearish continuation
Extended rejection from the swap zone limits upward momentum
Lower highs forming may signal weakening bullish strength

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Trade active

Price on good ENTRY(support zone) - good way to open buy signal

Trade closed: target reached

+74 pips - DONE TARGET!

Lingrid

💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi

🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid

🌎WebSite: lingrid.org

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Lingrid

💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi

🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid

🌎WebSite: lingrid.org

Also on: