Don't miss the great sell opportunity in EURCAD Short

Euro Fx/Canadian DollarFXCM

Description

⋅ Dec 18, 2019 7:27 PM

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.4615). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 1.4533
TP2= @ 1.4438
TP3= @ 1.4050

SL: Break Above R2

Comments

Forecast_Crypto

⋅ Dec 18, 2019 9:04 PM

I've put in my trade Hope to hear again from you Thanks

ForecastCity

⋅ Dec 23, 2019 3:51 PM

@Forecast_Crypto, We are so happy you could find this forecast helpful.

Forecast_Crypto

⋅ Dec 18, 2019 9:04 PM

Well done Fantastic graph and comments.

ForecastCity

⋅ Dec 23, 2019 3:51 PM

@Forecast_Crypto, Thank you so much.

TradeNMade

⋅ Dec 19, 2019 11:41 AM

Hi, are you saying it’s going to possibly make it to S1 then to R2 then S2 to R3 then finally S3?
Thanks 👍

Best_Forecast

⋅ Dec 22, 2019 6:14 PM

@CALMABULL, No, I think the first touch R1 then S1, If S1 break then reach S2, If S2 break then reach S3!

ForecastCity

⋅ Dec 23, 2019 3:50 PM

@Alexander_007, Yes, that's correct. Thanks for it.

Best_Forecast

⋅ Dec 18, 2019 8:24 PM

think this could be a goer!

ForecastCity

⋅ Dec 23, 2019 3:51 PM

@Alexander_007, Yes, it will. :)

Best_Forecast

⋅ Dec 18, 2019 8:23 PM

Lovely analysis,