TradingView
ForecastCity
Jan 13, 2021 12:57 PM

💡Don't miss the great sell opportunity in EURCAD Short

FX:EURCAD60
Euro Fx/Canadian DollarFXCM

Description

⋅
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.5512).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURCAD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.

Take Profits:
TP1= @ 1.5458
TP2= @ 1.5427
TP3= @ 1.5398
TP4= @ 1.5358
TP5= @ 1.5312

SL: Break Above R2

❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorseuroCADEURCAD
Comments
Kristalyn
⋅
❄️ Thanks ❄️
ForecastCity
⋅
@Kristalyn, Thank you for your comment. We appreciate it 🌹
Pro_Trader_007
⋅
Thanks forecast city 👏
ForecastCity
⋅
@Pro_Trader_007, You're very welcome!
We hope you enjoy it.
Josef_anderson
⋅
The third target is reached! thanks!
ForecastCity
⋅
@Josef_anderson, We appreciate your support.
Best_Forecast
⋅
Impressive as usual
ForecastCity
⋅
@Best_Forecast, Thanks for your comment.
Kamryn
⋅
I definitely agree with you. Thank you, very useful analysis
ForecastCity
⋅
@Kamryn, Thank you for your comment. It's good to know you like it. 🌹
More