What you see here is Weighted average EURO on daily Timeframe.
Since the beginning of the New Year it has been trading below EMA 14, 21 and 50. Also try to find the massive H&S here. Did you see it …?
If I zoom out and go to Weekly Timeframe, you will see the blue triangular better. It is right at the resistance and it took two years for this triangular to get formed. Now… I think it is time to break lower
The chart below is weighted average CAD and it is pretty much self-explanatory. CAD is rising…
If CAD is rising and EURO falling then EURCAD is a great trade.
Now look at EURCAD Chart and see if you can find the target. Yep it is right at the rising trend line. I think it takes a few weeks to get there.
Regards,
Khan
Since the beginning of the New Year it has been trading below EMA 14, 21 and 50. Also try to find the massive H&S here. Did you see it …?
If I zoom out and go to Weekly Timeframe, you will see the blue triangular better. It is right at the resistance and it took two years for this triangular to get formed. Now… I think it is time to break lower
The chart below is weighted average CAD and it is pretty much self-explanatory. CAD is rising…
If CAD is rising and EURO falling then EURCAD is a great trade.
Now look at EURCAD Chart and see if you can find the target. Yep it is right at the rising trend line. I think it takes a few weeks to get there.
Regards,
Khan