Another plan ready for some profits - EUR/CAD
Hello everyone,
As promised I am presenting you my second trading plan for this week. Again this is a short-term trading plan and I expect it to fulfil itself by the end of this week or the beginning of next.
As usual you can check the whole technical analysis on our Youtube channel.
Live Signals will be shared in our Telegram channel and on our Twitter profile.
Below you can find the zones in numbers as well as a short fundamental analysis:
Zones:
H1 Resistance Area: 1.4959 to 1.5005
H1 Support Area: 1.4930 to 1.4800
H1 Second Resistance: 1.5152 to 1.5190
Fundamental Analysis:
The only important report we can mention here is the CAD Consumer Price Index, which will be posted tomorrow at 12:30 GMT (15:30 Bulgarian time). The expected reading is the same as the previous at 2.5% and I don’t believe we will see any surprises, but keep it in mind and if your trades are doing well I would advice you to place your Stop Losses at Breakeven before the posting of the report.
During the day tomorrow we have also a few Medium importance reports from the Euro-Zone so keep them in mind - they might bring some volatility especially on the lower time frames.
Our team wishes you a profitable week! :)
As promised I am presenting you my second trading plan for this week. Again this is a short-term trading plan and I expect it to fulfil itself by the end of this week or the beginning of next.
As usual you can check the whole technical analysis on our Youtube channel.
Live Signals will be shared in our Telegram channel and on our Twitter profile.
Below you can find the zones in numbers as well as a short fundamental analysis:
Zones:
H1 Resistance Area: 1.4959 to 1.5005
H1 Support Area: 1.4930 to 1.4800
H1 Second Resistance: 1.5152 to 1.5190
Fundamental Analysis:
The only important report we can mention here is the CAD Consumer Price Index, which will be posted tomorrow at 12:30 GMT (15:30 Bulgarian time). The expected reading is the same as the previous at 2.5% and I don’t believe we will see any surprises, but keep it in mind and if your trades are doing well I would advice you to place your Stop Losses at Breakeven before the posting of the report.
During the day tomorrow we have also a few Medium importance reports from the Euro-Zone so keep them in mind - they might bring some volatility especially on the lower time frames.
Our team wishes you a profitable week! :)
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