ForecastCity

A great sell trading opportunity in EURCAD. catch it..!!

Short
FX:EURCAD   Euro / Dollar Canadien
Trading suggestion:
Price is in the Sell Zone (1.5565 to 1.5730), we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
  • Beginning of entry zone (1.5565)
  • Ending of entry zone (1.5730)

    Technical analysis:
  • A trough is formed in daily chart at 1.5375 on 02/08/2018, so more gains maximum to Sell Zone (1.5565 to 1.5730) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 65.
Take Profits:
TP1= @ 1.5365
TP2= @ 1.5255
TP3= @ 1.5120
TP4= @ 1.4860
TP5= @ 1.4720
TP6= @ 1.4475
TP7= @ 1.4255
TP8= @ 1.3800
TP9= @ 1.3020
TP10= @ 1.2450
TP11= @ 1.2125
TP12= @ Free

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