Hello Traders, welcome to the Daily Forex technical analysis
. Today is September 5th, 2019 and we will be taking a look at the Euro
against the Canadian Dollar
. Looking at the 1 hour time we are now looking for price action to lose momentum and pullback into it's previous area of resistance at the 1.458 area. If price action continues on with its bullish
sentiment this set up will be invalidated. But if price action does lose steam and starts to pullback into it's previous area of resistance we will be looking for a short with profitable conditions. If price action pulls back here, a Short entry near the 1.45732 area with a Stop Loss near the 1.46104 region, and target our profit level of 1.45108 to possibly ensure a profitable 1.68 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!