The EURCAD has been in a nice uptrend channel and has tested the lower channel with some false breakouts to the lower side. CAD is gaining some slight strength with Oil stabilising price wise and with good numbers coming from the CAD economy.
My options are to favour the short side, however the best way to play this is to have pending orders for a Long&Short above the resistance of 1.5095 for longs and 1.488 for the shorts.
The use of trendiness is very powerful and you'll see the 3rd bottom trend line is drawn at an equidistant from the first channel to estimate where price may bounce from.
My options are to favour the short side, however the best way to play this is to have pending orders for a Long&Short above the resistance of 1.5095 for longs and 1.488 for the shorts.
The use of trendiness is very powerful and you'll see the 3rd bottom trend line is drawn at an equidistant from the first channel to estimate where price may bounce from.