i can see a small bearish divergence in some timeframe.
The wti is strong since 3 day but Cad weakness so ???
anyway a small corection intraday is legit as is aoverbought is lany indicator and time frame too
Also the dxy need to rebound and so is the euro who should down the most
short at 1.4830
Target 1.4786
is a short rade intraday for 44 pips so hurry to...
just a simple view of eurcad in H4 in the wedge formation and the question will he going to go touch the top of the wedge ? will have it enough power for do it even is not very far ?
EURCAD. Opened a sell trade at 1.4571. Looing for a nice downtrend with this pair after the breakout. First TP 1.44 Level and SL at 1.463 (et yours at around that level)
Our preference: lighten as long as 1.4707 is stopper with 1.4491 as objective.
Alternative scenario: the overflow of 1.4707, will validate an increase over 1.4785 and 1.4832.
Comment: The RSI is below its neutral zone of 50. The MACD is positive and below its signal line. The MACD must press the zero line to confirm a continuation of the drop. In addition, prices...
After the huge decline of the Euro and Loonie Forex pair, it has formed a consolidation on lower time frames showing that it may continue its decline later on with the formation of a descending triangle.
