EUR/CAD SELL
EUR/CAD has been in a descending channel since the beginning of the month, respecting the green trend lines.
With the Fibonacci retracing tool i can see that the 0.618 level is close to the upper green trend line which could suggest a reversal to occur there.
I expect the price to retest the 0.618 level or the upper green trend line and price to reverse back down continuing the downtrend.
This is shown by the grey path drawn
With the Fibonacci retracing tool i can see that the 0.618 level is close to the upper green trend line which could suggest a reversal to occur there.
I expect the price to retest the 0.618 level or the upper green trend line and price to reverse back down continuing the downtrend.
This is shown by the grey path drawn
Catatan
Take profit of 100 pips successfully achieved.Will be looking for a retracement move on this pair once it manages to reach the bottom trend line, completing the descending channel
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.