EUR continues to be our weak currency and USDCAD is stalling at the key trendline resistance suggesting we could see some CAD strength.
EURCAD technically has been a bit of a messy chart to work with however the market formed a lower low in price after falsely breaking out of
a resistance. Now the market has re-tested the resistance and printed a bearish pin candle. Adding fibs we can see we have a 38.2 fib confluence at the resistance also
adding weight to our trading idea. In our telegram group we our short looking for a 2:1 trade.
EURCAD technically has been a bit of a messy chart to work with however the market formed a lower low in price after falsely breaking out of
a resistance. Now the market has re-tested the resistance and printed a bearish pin candle. Adding fibs we can see we have a 38.2 fib confluence at the resistance also
adding weight to our trading idea. In our telegram group we our short looking for a 2:1 trade.