Below is my analysis of EURCAD.
On the chart is the support and resistance channel EURCAD has stocked into for a while now.
When looking at the Daily TF, you will notice that the pair is on an up-trend but found support in 1.46 area. Here is how I am going to trade this pair.
If it breaks down and closes below 1.46250 support, I will short the pair. However, If it remains above that area, I will look for entry in 15M TF and ride it up to 1.48000
On the chart is the support and resistance channel EURCAD has stocked into for a while now.
When looking at the Daily TF, you will notice that the pair is on an up-trend but found support in 1.46 area. Here is how I am going to trade this pair.
If it breaks down and closes below 1.46250 support, I will short the pair. However, If it remains above that area, I will look for entry in 15M TF and ride it up to 1.48000
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.
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.