EURCAD triangle
Good evening dynamic traders,
Congratulations to Clayton on reaching a remarkable milestone, I am sure this will inspire many others to follow in due course.
The EURO Dollar trade (posted yesterday) worked out really well today, it moved close to 400 pips. Well done to those of you that traded it today. It is still one to keep an eye on for further opportunity.
Today I have posted the EURCAD daily chart and the 60 minute chart. On the daily chart price is displaying a traingle. It has tagged previous resistance and is fashioning a bullish candle. MACD on the other hand is making lower highs which is something to keep in mind.
On the hourly chart, you can see the squeeze more clearly. The highlighted area is where there is more than one R/S level combined with the figure. MACD is showing div on this timeframe too. In short I would look to enter with ESLT once I have a confirmed BOB.
Merry Trading and enjoy your weekend.
Bijal Shah
Labels: EURCAD
posted by Bijal Shah @ 11:29 PM
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