FullTimeTrader
Short

EURCAD-rejected from a strong resistance

FX:EURCAD   Euro / Canadian Dollar
677 3 20
After a + 600 pips rally this pair stalled at a clear resistance area . I think EUR is not ready for a rally against commodity currencies such as CAD, AUD, NZD.

snapshot

Here on D1 chart we see a trendline resistance also.I would sell right now with SL and targets shown on chart.

Best regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).


Agree it would go deeper due to a bat pattern form.. but the risk for now is will it continue rise? Because eurusd i think it will rise like my chart point but dunno will it affect this trade or not..
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Pringem Rayge
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