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Rocketman
May 30, 2016 9:59 AM

EURCAD Long

Euro Fx/Canadian DollarFXCM

Description

Technically, I think that the EUR currency is pretty strong today and that CAD and Japan are weak. So, I chose EURCAD because of the growing momentum on the 15min- 30 minute chart. I believe that a catalyst is coming in about 2.5 hours for the Canadian economy. My targets may be reached before then, and if so, my part of my day is done. It is not an exciting day today because today is a bank holiday in the USA. So, volume is low.

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Finally....traders flee and add to my odds:
s3.amazonaws.com/tradingview/snapshots/v/vOlwCLOq.png

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2 pips away.... about to take profit for the day!

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Comments
Rocketman
Still waiting as my bias remains intact:
Rocketman
hopefully, it will hold right into the news release, trapping traders. If support fails, I will change my view.
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