FX:EURCAD Euro Fx/Canadian Dollar
This has been one of the most beautyful I have ever seen in my life... and which I haven't played since I very rarely follow CAD. But it is very overstretched now, with negative divergence and Slow cross on the , and with extremely low ADX on the 4 Hrs time frame. The minimum what we can expect here is a correction down to 1,5200 - 1,5250, and even though I hate to give such early prognosis, but looking at last week's cpi numbers, and this divergence I would not be surprised if we see the end of this at this spike. However only time can justify this feeling (1-3 Months maybe). Since the underlying trend is extremely , I would rather play it through Put options.