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djl317
May 23, 2017 7:34 AM

EURCAD Shorting Opportunity Short

Euro Fx/Canadian DollarFXCM

Description

Watching for a shorting Opportunity around the 1.527 area. Reasons - Prior Resistance, 2.61 Fib extension, top of rising wedge channel.

We could a strong push to there on tomorrow's BOC interest rate decision then a swift drop after the OPEC meeting (where OIL production will continue to be cut to drive up oil prices - which is good for the CAD).

A more conservative approach would be a sell on the break down of the ascending triangle. GL

Comment

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Comments
Cambista
Hi, how do you draw those future candles ??--Nice..
djl317
@Cambista, There's an option called 'ghost feed' in the charting tools, cheers!
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