This pair is running into major resistance here, in an area of heavy confluence.
This is the end of a corrective rally, in which all Euro pairs participated, off of their recent, major lows. (Mostly due to a, yet again, market wide delusion that the EU will have to tighten ("at least!") 375 basis points... When in reality, as the latest data illustrates, the EU...
EURCAD 4HR :
EURCAD after crossing 4hr Trendline Price Currently moving towards Day Level Resistance Zone.
If it crosses resistance zone and day trendline ..Wait for Retest and then Go LONG..
Hey tradomaniacs,
welcome to a new free trading-setup.
EUR/CAD: Daytrade-Execution
Sell-Limit: 1,55700
Stop-Loss: 1,56125
Target 1: 1,55255
Target 2: 1,55015
Target 3: 1,54665
Stop-Loss: 42 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,46
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Peace and good trades
Irasor
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