The Euro and Canadian Dollar crossrate could be setting up for continuation of its selloff.
The Minor Pivot Stack is providing resistance and the downtrend is still intact.
Again, as we almost always do, wait for weakness to be confirmed through the recent low before entering short at 1.49480.
Then place a stop loss at 1.50540 and a profit target at 1.47750, for a good risk reward setup.
The Minor Pivot Stack is providing resistance and the downtrend is still intact.
Again, as we almost always do, wait for weakness to be confirmed through the recent low before entering short at 1.49480.
Then place a stop loss at 1.50540 and a profit target at 1.47750, for a good risk reward setup.
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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.