raymondfaidley
EUR/CAD has beenon a tear for awhile now and has let up yet.
It's the beginning of the new trading week and things are moving slow of-course but coming up soon is a a good push down from "GU" I have this trade going short for at least another 100 pips.
Based off the 1H time frame I spotted a clear retracement on the bearish side for at least 30 pips.
GBP/CAD has been going bearish for awhile now, but the turn around point should come at the price level of 1.71201.
The market is testing at a demand zone and is now going retrace up to the 108.527 level and continue the downward trend.
Seeing that GU has already broken through the old monthly support, and made its way down to weekly support. which it broke and tested off of its clear to see that it will make its way down to the new monthly support.