ProfessorCEWard

EURCAD: Curve Analysis (2H)

Penjualan
OANDA:EURCAD   Euro / Dollar Kanada
SLO @ 1.4404 ⏳
TP1 @ 1.4330
TP2 @ 1.4287
TP3 @ 1.4238

πŸ“‰ Overall Trend: Bearish

Resistance: 1.4480
Support: 1.4175

✍️ Technical Indicators:

P2P INDi identifies curve from:
PH @ 1.44974
PL @ 1.41578

πŸ“‰ TEMASHA identifies 1.4404 as a sniper entry for a short

πŸ“‰ Moving Averages:
The 50/100/200-period all suggests that the overall trend is still bearish

πŸ“ˆ Oscillators
There is some bullish momentum in the shorter term

πŸ“‰ RSI: The RSI is below 50, which is also bearish.
Trade aktif:
πŸ™ƒ Based on today's CAD News, it appears that we're experiencing a "false-negative" β€” meaning the CAD is showing weakness for a limited time.

πŸ’ͺ I'm still anticipating that the CAD will gain its strength soon

πŸ“‰ PA on EURCAD has already moved +18 pips to the downside, so it's highly likely that the CAD is beginning to regain its strength and this pair should be returning to the DT
Trading ditutup: target tercapai:
Apparently, I chose the wrong curve because this short was SHORT-LIVED πŸ˜„

We only hit TP1 for a profit of +66 pips, then it PB and hit my +SL @ 1.4395

Professor C. E. Ward
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