EURCAD: Daily SwingTrade
Updated
Happy Sunday Traders,
We are looking at the EURCAD in the daily chart. Who remembers my last idea about GBPCAD ?
EURCAD is pretty much looking the same right now. We are in a daily downtrend along the trend line, price touched it often in the last days. On Friday there were CAD News which was strong for the Canadian Dollar so we saw every XXX/CAD pair falling, means the trend is holding. We are waiting for another move up near the line to enter the short position. We will keep you updated.
Wishing everyone a good trading week.
We are looking at the EURCAD in the daily chart. Who remembers my last idea about GBPCAD ?
EURCAD is pretty much looking the same right now. We are in a daily downtrend along the trend line, price touched it often in the last days. On Friday there were CAD News which was strong for the Canadian Dollar so we saw every XXX/CAD pair falling, means the trend is holding. We are waiting for another move up near the line to enter the short position. We will keep you updated.
Wishing everyone a good trading week.
Trade active
Price reached zone - short.Trade active
Nice fake out in the daily there. We are still in.Trade closed: target reached
After a fake out we re-entered the trade and hit our take profit.
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