Euro / Canadian Dollar
Short
Updated

EURCAD- Time for reversal or correction??

102
Hello Traders,

Hope you all are doing good!!


Is this the time for reversal or atleast correction for EURCAD pair??

1) Pair approaching overbought zone.
2) Pair approaching resistance zone.
3) Pair forming divergences on 4H & 8H timeframes.

The risk to reward ratio looks good from here.
On recent occassions in the past, pair moved around 100 pips or more in such cases.

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Disclaimer: This is just an idea. Please do your own analysis before opening a position.
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