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ashddylan
Apr 26, 2017 8:12 PM

EUR/CAD - Short Opportunity Short

Euro Fx/Canadian DollarFXCM

Description

There are two different take profit levels on this one, the first is 1.45443 and the second being 1.43791. Price could find support at 38.2% (near old support and resistance) so it's good to stay prepared.

After the price gap and huge rally of EUR/CAD, it's due a fall. The EUR looks likes it's lost it's steam and is approaching a major trend line, my Stochastic indicator shows me that price is oversold and is now approaching a drop.

Good Luck!

Trade active

Comment

Price could be looking to break

Comment

Price retested and broke resistance wait for pull back or close above to go long.

Comment

Possible bullish breakout from triangle

Comment

We might see a bullish break
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