Important Price Rejection For EURCAD!!! Long Opportunity...
Today's candle made a nice rejection off the support level @1.5320. This level is also where the 261.8% fib level lies. We were anticipating some sort of a BULLISH movement here. As of now, we will be looking for a long opportunity towards my moving averages and 161.8% fib level before any further confirmation. Once this level is reached, we will be eyeing on potential breakout and rejection off that level for further trade opportunity. A rejection might show further BEARISH movement in its trend.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
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.