EURUSD seems to be good to buy.
SL below buy zone.
Keep your attention on the resistance zone to fix profits.
Always use stop loss to prevent yourself from losses.
Make sure you understand and afford the risk.
Happy Easter! 😁
As a swing trader, we have a break to the downside and a potential right shoulder in progress.
We want to keep in mind the shorter time set up for a potential bearish head and shoulders play.
Tomorrow we will get the weekly close to see which way momentum is shifting.
We will sit on the sidelines and see what it wants to do till then.
Consolidation drags on with the price action.
Waiting for a big move.
Betting on a rise in USDCAD due to insignificant leads an agreement during the OPEC meeting. Hoping they won't agree more than they have.
The pair has formed a symmetrical triangle over the past weeks. Consolidating around 0.8600-0.8700.
Watch out for a bear if the production cut is more than 10M barrels per day during the OPEC meeting happening at 14.00GMT. This will majorly benefit the swing traders and target a break below the symmetrical triangle on the news of an OPEC agreement.