EURCAD LOOK FOR Sell opportunity. Daily trend is bearish, the price is moving towards 1.5518 to 1.5541 area the downtrend stucture. Todays candle was bullish with a open at 1.5452 and close at 1.5492 which is 0.25% move. Price is moving trading above 9&21 EMA for both 4H and 1Hour Candles. We should wait for price to reach area of 1.5518 & 1.5541 to place a sell...
Daily Candle busy forming a major wick with current daily high at 1.32425. Level 1.3775 are pivot points of where market price have been tested before. After the opening of Euro market price fell about 0.40% given the indication of market push to the down side. 4H candle price closed below the 9 EMA and 21 EMA. Entry point 1.31715 set stop loss at 1.32511 TP...
Down trend Test at level 105.52. Previous Daily candle stick open 105.42 and Close @ 105.130 a 29% decrease. EMA 9 have not yet crossed the 21 EMA which signals a struggle of trend reversal. Sell at around 105.20 set stop loss @ 105.950 TP @ 103.050.
