FxWirePro
Short

EUR/CAD forms Bullish Gartley pattern, good to sell on rallies

FX:EURCAD   Euro Fx/Canadian Dollar
308 1 7
Harmonic patternBullish Gartley pattern

Potential Reversal Zone (PRZ) – 1.4595

EUR/CAD has made a high of 1.4749 and started retreating due to stronger oil             prices.

Canadian dollar             prices has been supported by stronger oil             prices . Crude oil             prices has rallied in Asian session as major oil             producers are ready to jointly tackle the prolonged lower prices.

The pair’s major resistance is around 1.4760 and any break above targets 1.4815/1.4860.

On the downside minor support is around 1.4655 and any break below targets 1.4595/1.4540.

It is good to sell on rallies around 1.4700 with SL around 1.4760 for the TP of 1.4600


AntimMarko
a year ago
I regret so much taking this trade :(
Reply
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