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CrisBarr96
Feb 28, 2019 8:45 AM

EUR/CAD RSI Resistance . Shorting to our Blue Support zone Short

Euro Fx/Canadian DollarFXCM

Description

So a little more focus on the RSI on the 1 Day time frame, We have placed a Resistance line at 48.1 on the RSI and we're shorting it either to the blue resistance zone, also the (A) correction.
This trade would be invalid if rsi break through the resistance line and close above it. If RSI closed above then it's a good chance it will make a good move to the upside BUT not necessarily meaning that (A) correction is complete and moving to (B). It may just bounce off of the Rsi support trend line above it.

Comment

I've put out a video going a bit more in depth as to how I see this pair is going to be moving along with EUR/ USD as they will be moving relatively the same for a while.
Check it out and subscribe, Ill be putting out more In-depth analysis on there.

youtube.com/watch?v=2ew-y3gd1vw
Comments
kwanda2909
You have a long term view of it but this is really close to what I had in mind. Great work man
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