EURCAD going down
While last friday's retail sales on Canadian dollar made an impulsive move up leaving us just a big wick, shows us the zone above it is really strong.
We have there a weekly support and a fibo 50% + looking at the Canadian dollar currency index it just hit the monthly trendline and did not manage to break it.
Looking at a weekly chart i think the next EURCAD weekly candle could be really nice impulsive bear candle, so keep an eye on the pair for that short setups. I will update the entry when it's ready. You can enter on your own by waiting for an impulsive moove to break that small trendline:
We have there a weekly support and a fibo 50% + looking at the Canadian dollar currency index it just hit the monthly trendline and did not manage to break it.
Looking at a weekly chart i think the next EURCAD weekly candle could be really nice impulsive bear candle, so keep an eye on the pair for that short setups. I will update the entry when it's ready. You can enter on your own by waiting for an impulsive moove to break that small trendline:
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.