Tendorian

EURCAD Forecast February 2017

FX:EURCAD   Euro / Canadian Dollar
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We are at a difficult place to trade, the rejection at last week's low was big, we could see price starting to move up and break resistances, just watch and wait for a clear signal.

This is my forecast for the month ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates. I'll be using Daily charts from now on, cos that's the TF that I actually use.

If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look at my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.

Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.
Comment: Wednesday Feb 1

I want to see a test of support before having a long bias here.

Comment: Thursday Feb 2

Price has started falling and may test that low area.

Comment: Friday Feb 3

Still waiting for a test of support.

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