Good evening Fx traders, wishing you all a profitable week as always. Please find above my trading forecast/idea :
Planning to enter a short position on EUR/CAD visible in the 4h timeframe.
Fundamental reasons : Euro is still bearish overall especially due to the slow vaccine rollout and recent news about new lockdowns measures. Retail sales still on negative.
The Looney is underpinned by the Oil whose Price Posted Weekly Gains the past week.
Technical Reasons. : Price has reached a monthly resistance from which we can except to break the 4h trend line and head down.
Thanks again and good luck.
**This is just my forecast based on my own interpretation/analysis, you are not obliged in any way to follow it.
S.C
Planning to enter a short position on EUR/CAD visible in the 4h timeframe.
Fundamental reasons : Euro is still bearish overall especially due to the slow vaccine rollout and recent news about new lockdowns measures. Retail sales still on negative.
The Looney is underpinned by the Oil whose Price Posted Weekly Gains the past week.
Technical Reasons. : Price has reached a monthly resistance from which we can except to break the 4h trend line and head down.
Thanks again and good luck.
**This is just my forecast based on my own interpretation/analysis, you are not obliged in any way to follow it.
S.C