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amaanos
Jul 3, 2022 12:58 PM

EUR/CAD SHORT OR LONG?! 

EUR/CADOANDA

Description

Short Idea

With the oil prices rising and CAD being highly related to crude oil there is a high probability this time to break the resistance after testing it 5 times. A short opportunity can also be supported by the 50/200 EMA crossing.

Long Idea

Testing the price at a psychological level of 1.34000 for 5 times we can't dismiss the idea of bouncing back the resistance again and move towards the 1.36000 mark.

BE PATIENT
Trade safe,
Amaanos
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