EURCAD Long
Updated
Wait till we enter this zone to determine if we should go long or not.
Look at the strength of the bear candles if they're to strong hold on till we get some consolidation then enter.
Based of the weak fundamentals CAD has performed last week.
CAD'S Major weak fundamentals .
- GDP m/m
- CPI m/m
- Core Retail Sales m/m
Overall EUR will be stronger then CAD
Fundamentals line up all we've been waiting for is the technical analysis to line up to enter this trade .
Look at the strength of the bear candles if they're to strong hold on till we get some consolidation then enter.
Based of the weak fundamentals CAD has performed last week.
CAD'S Major weak fundamentals .
- GDP m/m
- CPI m/m
- Core Retail Sales m/m
Overall EUR will be stronger then CAD
Fundamentals line up all we've been waiting for is the technical analysis to line up to enter this trade .
Trade closed: stop reached
Unexpected euro weakness
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