TomHall
Short

EUR.CAD - Short Opportunity

FX:EURCAD   Euro / Canadian Dollar
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45
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My basic Daily, 4hr and 1hr chart analysis on the EUR.CAD

Although the analysis is very basic i will know more into Sunday evening ( Market Open ).
Comment: Daily pattern outlook.

I like your display, clean. good luck
+1 Reply
TomHall behavioral_e
@behavioral_e, Thanks very much.
Have a good week.
Reply
I Agree, but the CAD currency Is very weak. SO I think the move will have some head winds. Better trade with more momentum would be the EURJPY short. I expect the JPY currency to get strong next week. So a strong Yen verses a weak Euro would be better choice then a weak Euro verses a weak CAD. Just sharing my thoughts. My rules are, when you can, trade strong currency against weak currencies.
+1 Reply
TomHall Crooner2
@Crooner2, It's great to hear your view, sticking to your rules is the main thing.
Have a great week.
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We might see a break of the triangle, it's well into the triangle and approaching the end. The next few candlesticks on 4hr and daily are key.
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TomHall ashddylan
@ashddylan, For me personally the trendline hasn't been respected enough times for me to take it into consideration.
Reply
ashddylan TomHall
@TomHall, I see where you're coming from with that one.
+1 Reply
TomHall ashddylan
@ashddylan, It doesn't mean your incorrect, simply doesn't fit my rules.
Reply
I think that's logical, but the market is a surprise ..
thank u for sharing this idea
+1 Reply
TomHall saadalielghobar
@saadalielghobar, It certainly is, we can only work on high probability.
My pleasure, have a great week.
Reply
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