Euro / Dollar CanadienMis à jour Slightly bullish. But possible down trend incoming!!
I understand that there is multiple of bearish analysis out there.
Nevertheless, EURCAD's strength to hold up this Friday is not to be played with. A lot of positions wouldn't have been held due to coming holiday so the selling pressure could be artificial and suggested.
Now, for a short wait for a retest and fail as shown by red line
For a long wait for a confirmed break back above the short term trend line we've all been watching.
As always,
trade safe...
NB: i'm 60% bullish 40% short...
Nevertheless, EURCAD's strength to hold up this Friday is not to be played with. A lot of positions wouldn't have been held due to coming holiday so the selling pressure could be artificial and suggested.
Now, for a short wait for a retest and fail as shown by red line
For a long wait for a confirmed break back above the short term trend line we've all been watching.
As always,
trade safe...
NB: i'm 60% bullish 40% short...
Note
Okay any comments???????????
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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.