EUR.CAD > Reversal Opportunity

FX:EURCAD   Euro / Canadian Dollar
Currency Pair: EUR.CAD
Time Frame: Daily
Predicted Direction: Short

Live EUR.CAD updates will be available in the comments section below.
Comment: Although it contradicts my above analysis, we now have a buy stop order in place.
Price failed to accelerate after multiple reversal candles at resistance.
I feel a break will occur to the upside.
Comment: A final break occurred to the downside, i will now be awaiting a pullback and a continuation to the downside into next week.
Very impressive setup Tomhall...

quick question, today we have cad CPI news do you still think this pair will continue going down ?
if so what will be the target TP?
TomHall LokDown
@LokDown, Thank you.

It's hard to give a profit level, there is no strong support that i can see.
I hope you're right with this one, Tom. This month is so sluggish, it feels like we're trading in molasses these days. ;)
TomHall moontumble
@moontumble, I agree, however we have had many months similar with minimal entries, and then have 5 or 6 in a 2 day period.
Always sticking with the rules as the return is proven.
moontumble TomHall
@TomHall, Always trusting in UKForexSignals, mate... Set and forget... ;)
+1 Reply
TomHall moontumble
@moontumble, Appreciate the continued support mate :-)
jason0027 moontumble
@moontumble, uksignals where to get tjem
moontumble jason0027
+1 Reply
TomHall moontumble
I have same idea, the bear seems always countered by the bull, that's why price continue hit same level multiple times
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