The EUR/CAD could make a move from point A to point B.

1.5020 is the rejection level. The market looks bearish but watch for a possible bounce at the point B. Point B is M L3 and trend line confluence. 1.4770. If the price gets to the zone, we might see a move up. As long as the range 1.5020-1.4770 holds, the market is not having any trend. Trades might be placed around those levels until the breakout happens.
(Click on image to enlarge)





Comments
Log in or sign up to join the conversation.