FX:EURCAD   Euro / Canadian Dollar
Happy Sunday Traders

This pair is currently pushing up very strongly on the daily chart . But, it has entered into an area which I called the Monthly Resistance Zone . This is an area that the EURCAD has tested multiple times in the past as resistance and is possibly an area that we could see a nice Counter-Trend bounce out of this market. For that reason, I will be looking in this area for possible short trades this week.

Monthly Resistance Zone- (1.55160-1.61720)

Comments

Cool, thanks for the idea, sesay144. I'm also looking at this level and watching carefully to see how price reacts there.
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sesay144 loudon3
@loudon3, Hey! Did you catch the drop on EURCAD? I've just hit my first TP Level on the trade
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loudon3 sesay144
@sesay144, No ... I was busy looking elsewhere at the time .. nice move, good trade!
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