Euro / Canadian DollarUpdated EURCAD- downtrend - stop loss chase
I think this upward move was a chase of stop losses the price can go down and reintegrate the trend. I will sell EURCAD if the support line is broken and if we get rid of the level 1.52.
Note
We are waiting for the 1.51 level to break + Retest (pullback) to open a sell position. It can be a big short TP: 1.495
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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.