Hello all, as it was the last day of the month and of the trading week we were presented some opposite movements of the markets.
Obviously due to the removal of positions and the collections of profits and to other fundamental aspects.
Other than that I still see EUR/CAD to be bullish, this just seems to be a pullback to a 23.6% retracement level off the daily time frame.
If you look at the 1HR TF we can see some rejection to the lower zone that’s near daily support. Now what I am expecting is a confirmation from candlesticks and rsi to enter this trade.
But R2R is optimal and is reasonable. If you like this idea please share. Thank you
Obviously due to the removal of positions and the collections of profits and to other fundamental aspects.
Other than that I still see EUR/CAD to be bullish, this just seems to be a pullback to a 23.6% retracement level off the daily time frame.
If you look at the 1HR TF we can see some rejection to the lower zone that’s near daily support. Now what I am expecting is a confirmation from candlesticks and rsi to enter this trade.
But R2R is optimal and is reasonable. If you like this idea please share. Thank you