Euro / Dolar KanadaPanjang
1:2 RR made on EURCAD, but now what?
I was hoping for more... The CAD fundamentals are very poor, and inflation is currently under control, so the Bank of Canada may continue to cut rates.
I'm not keen on buying the EUR. However, this trade is based on CAD weakness and strong EURCAD price action, more than a stronger euro. But, hey, Euro Area inflation is climbing and above target, so the ECB's rate-cutting cycle may be over.
I want to go long again.EURCAD is clearly up-trending within a bullish channel on the weekly. However, it is ranging and choppy on the daily. The 4-hour may become oversold, which may provide an opportunity.
I guess it's a waiting game...
I'm not keen on buying the EUR. However, this trade is based on CAD weakness and strong EURCAD price action, more than a stronger euro. But, hey, Euro Area inflation is climbing and above target, so the ECB's rate-cutting cycle may be over.
I want to go long again.
EURCAD is clearly up-trending within a bullish channel on the weekly. However, it is ranging and choppy on the daily. The 4-hour may become oversold, which may provide an opportunity. I guess it's a waiting game...
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.