Hello Traders,
I'm currently waiting to enter short on EUR/CAD once price will decelerate at 0.5 Fibonacci level. 200 and 50 EMAs also providing dinamic resistance, bonus points if a reversal pattern will form tomorrow. There may be a chance that price will continue pulling back at 0.618 Fib level (1.4700 resistance) given the strong momentum that is currently showing. Let's wait and see!
Wish you all a happy trading!
I'm currently waiting to enter short on EUR/CAD once price will decelerate at 0.5 Fibonacci level. 200 and 50 EMAs also providing dinamic resistance, bonus points if a reversal pattern will form tomorrow. There may be a chance that price will continue pulling back at 0.618 Fib level (1.4700 resistance) given the strong momentum that is currently showing. Let's wait and see!
Wish you all a happy trading!