I see lot of bullish ecad trading ideas recently, that are still considering price to further rise due to a tiny outbreak we saw into friday close, first of all i have to say i have not send any ecad trades yet, but i want to add some doubts
to a rising ecad, i am expecting ecad to be slightly more bullish than ucad, as im still bullish on eu, but overall i see a solid bearish structure on ecad while eu is rising since early november.
But lets stick to the chart on this, ecad is coming now into heavy horizonal resistance while developing momentum to the downside on the bigger timeframes, indicators show a short-term overstretched bullish momentum,
I see more tendency to the downside on this one.
I will personally not take this trade though and just watch.
to a rising ecad, i am expecting ecad to be slightly more bullish than ucad, as im still bullish on eu, but overall i see a solid bearish structure on ecad while eu is rising since early november.
But lets stick to the chart on this, ecad is coming now into heavy horizonal resistance while developing momentum to the downside on the bigger timeframes, indicators show a short-term overstretched bullish momentum,
I see more tendency to the downside on this one.
I will personally not take this trade though and just watch.