EURCAD - A path of resistance ahead?
The EURCAD since the French pre-general elections has made it rather bullish, however the gap, missed monthly and weekly pivot lie below and with oversold indications on the RSI indicating a retracement is due.
We are at the point where we are hitting the 50% a key retracement area in any leg of a financial instrument. There are multiple points of resistance and support at this 50% are so my intentions are to short this pair and aim for the missed monthly pivot below. A further continuation may proceed based on the up-coming elections in France?
Happy trading!
We are at the point where we are hitting the 50% a key retracement area in any leg of a financial instrument. There are multiple points of resistance and support at this 50% are so my intentions are to short this pair and aim for the missed monthly pivot below. A further continuation may proceed based on the up-coming elections in France?
Happy trading!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.