EURCADHappy Sunday Traders
This pair is currently pushing up very strongly on the daily chart. But, it has entered into an area which I called the Monthly Resistance Zone. This is an area that the EURCAD has tested multiple times in the past as resistance and is possibly an area that we could see a nice Counter-Trend bounce out of this market. For that reason, I will be looking in this area for possible short trades this week.
Monthly Resistance Zone- (1.55160-1.61720)
Eurcadshort
EUR/CAD will go lower next week💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really appreciate any likes and follows, that would help grow this channel.
EUR/CAD made a strong move up last week. However, we believe price now will go lower as momentum of price action is getting weaker.
Let us know what you think about this idea.
Trade safe !
EURCAD and Sell Area (6/7/2020)Sell limit
1.52955
SL at 1.53200
TP1 at 1.52700
TP2 at 1.52530
TP3 at 1.52285
Note!
Cancel/pending plan few minutes before news!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.