vlad.adrian
Long

EURCAD - Due for a correction

FX:EURCAD   Euro / Canadian Dollar
172 1 10
The weekly chart here
snapshot
. Not much information.

The daily has a very nice H&S pattern forming which calls for lower prices, but this pair rejected all attempts to cross below 1.40. Besides this, there is a class B bullish divergence on the MACD lines, and the impulse is green already after a bullish engulfing candle.

Main target at 1.44, but I might leave something on the table, depending how this pair will react at that level. Second target at 1.46. I don't see any reason to hold above that level.
20.11.2014 closed almost on breakeven
snapshot

This pair doesn't move up, and I don't like it anymore. Today there was a strong rejection
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