EUR/CAD 4H SHORT
EUR/CAD May fall 50-100 pips
Price is forming a symmetrical triangle and may consolidate further before a breakout. Support at 1.5510 has been broken previously, overall the daily trend is upwards but a recent down trend could take price to further lows.
Intraday - 4H
Trade: Sell
Entry 1.5491
Sell or Below: 1.5510
Target TP: 1.5439 & 1.5352
Pivot and Support 1.5510
Alternative scenario:
Trade: Sell
Bur or Above: 1.5510
Target TP:1.5581 & 1.5669
Price is forming a symmetrical triangle and may consolidate further before a breakout. Support at 1.5510 has been broken previously, overall the daily trend is upwards but a recent down trend could take price to further lows.
Intraday - 4H
Trade: Sell
Entry 1.5491
Sell or Below: 1.5510
Target TP: 1.5439 & 1.5352
Pivot and Support 1.5510
Alternative scenario:
Trade: Sell
Bur or Above: 1.5510
Target TP:1.5581 & 1.5669
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.