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ForecastCity
Nov 18, 2020 1:29 PM

💡Don't miss the great sell opportunity in EURCAD Short

FX:EURCAD60
Euro Fx/Canadian DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.5535).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURCAD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.

Take Profits:
TP1= @ 1.5498
TP2= @ 1.5457
TP3= @ 1.5394
TP4= @ 1.5312

SL: Break Above R2

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Trade well, ❤️
ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsEUReuroCADEURCAD
Comments
Kristalyn
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Thank you for sharing such great chart with all of us.
ForecastCity
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@Kristalyn, You're most welcome!
ForecastCity
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@Kristalyn, We appreciate your comment. All the best with your trades.
Kamryn
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YOU"RE SO RIGHT. Targets are perfect, Good Choice. 👍
ForecastCity
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@Kamryn, Thanks

We hope you get the most out of it.
Pro_Trader_007
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Upvoted! ✨
ForecastCity
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@Pro_Trader_007, Thank you
Josef_anderson
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keep up professional charting.
ForecastCity
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@Josef_anderson, Sure. We appreciate your support.
Lizabet
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Nice setup 👍
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