I understand that there is multiple of bearish analysis out there.
Nevertheless, EURCAD's strength to hold up this Friday is not to be played with. A lot of positions wouldn't have been held due to coming holiday so the selling pressure could be artificial and suggested.
Now, for a short wait for a retest and fail as shown by red line
For a long wait for a confirmed break back above the short term trend line we've all been watching.
As always,
trade safe...
NB: i'm 60% bullish 40% short...
Nevertheless, EURCAD's strength to hold up this Friday is not to be played with. A lot of positions wouldn't have been held due to coming holiday so the selling pressure could be artificial and suggested.
Now, for a short wait for a retest and fail as shown by red line
For a long wait for a confirmed break back above the short term trend line we've all been watching.
As always,
trade safe...
NB: i'm 60% bullish 40% short...
Note
Okay any comments???????????
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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.