EURO BULLS TO 1.52500 RETEST & CONTINUATION

29 de jan. de 2019

Good evening once again from the UK. The Euro against the cad has found some momentum after testing the lower upper trendily at the key level of 1.50800. With a shooting start forming on last weeks closures many rookie traders would of entered a short with a break of the trendline. With a weekly timeframe Gravestone dogi closure this indicated a clear opportunity for buyers to enter the market.with a bullish engulfing candle yet with todays hammer closure with have a daily key level (green block zone in which needs to be tested in the London session, we may find a slight retracement for a good entry on a lower timeframe looking for bulls. If we see a closure above 1.5200 we have our eyes set on 1.53500 as our next major key level of support.