Short EURCAD for the next few weeks
Updated
Short on EURCAD. CAD may be weak, but it will recover and trend along with USOIL prices. The euro is weaker.
There's a perfect doji on the weekly chart, in addition to several long wicks and downward hammers in the past few days of trading.
EURCAD can't seem to push past resistance, and the same goes for EURUSD.
Wait for confirmation of one or two bearish candles this coming week.
Short the Euro into oblivion folks.
Do your own due diligence.
-Osbetel
There's a perfect doji on the weekly chart, in addition to several long wicks and downward hammers in the past few days of trading.
EURCAD can't seem to push past resistance, and the same goes for EURUSD.
Wait for confirmation of one or two bearish candles this coming week.
Short the Euro into oblivion folks.
Do your own due diligence.
-Osbetel
Note
If we see a close above the trendline, trade is invalidated. I would wait and see if prices bounces off the Ichimoku cloud on the weekly and daily, or if it pierces through.Note
Invalidated.Note
If it stays inside the trendline on the next daily close, then we can consider the movements of the past few days to be a false breakout, and enter short.Trade active
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