Good evening,
EUR/CAD outlook:
- The price just reached the top of this range
- Successfully developing a channel with deep pullbacks
- We have some exhaustion candles on the top but I am not taking this into consideration since the recent move is pretty strong.
- The exhaustion candles reflect this reach
- From the lower time frame ( 4 hour ) we can see the price didn't really breach the resistance from 1.5000. It tried but never held.
If this second attempt fails we can try to short this after a pullback for better risk reward.
- If this does not happen and the price stays above 1.5000 we can keep watching the daily chart for another entries.
Let's start stalking !
Good luck!
EUR/CAD outlook:
- The price just reached the top of this range
- Successfully developing a channel with deep pullbacks
- We have some exhaustion candles on the top but I am not taking this into consideration since the recent move is pretty strong.
- The exhaustion candles reflect this reach
- From the lower time frame ( 4 hour ) we can see the price didn't really breach the resistance from 1.5000. It tried but never held.
If this second attempt fails we can try to short this after a pullback for better risk reward.
- If this does not happen and the price stays above 1.5000 we can keep watching the daily chart for another entries.
Let's start stalking !
Good luck!
Nota
Anticipating another push towards 1.5100. If it fails again - we can short this with first target - around the trend line or the zone of 1.4800 , depending on how well it goes.Nota
This one worked but I am not updating it since I didn't get an opportunity to get it.It reached the top and then crash.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.