breste1965

EURCAD long opportunity

Long
FX_IDC:CADEUR   CANADIAN DOLLAR / EURO
analyzing CADEUR , instead of EURCAD , I identified this interesting resistance area (support in EURCAD at 0.7305 (1.36893 EURCAD ) as a possibility of short (long on EURCAD ).
All the Highs indicated on the graph are linked together by a mathematical relationship that leads to the indicated level.
I will look closely at this area looking for areas of weakness in the current trend for an entry.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.