FX:EURCAD   Euro / Canadian Dollar
Good morning traders,

And welcome to a new week- our recent tradingview charts were unfortunately removed due to us breaking house rules of including our website in the title. So we are reposting this Euro Canadian Dollar setup from Friday which is still live.

Looking at short setup on Euro versus Canadian dollar as multiple technical indicators line up to show this pair in overstretched, over bought territory oddly as oil continues to rally today (in Canadas favour) and Draghi reiterated the potential for using more instruments for forms of Quantitative Easing at yesterdays ECB central bank meeting.

On technicals front we have overbought levels on RSI , top of the range levels on stochastic and bollinger bands .

Quick simple technical indicator driven trade.

Good luck trading

Team at forexTrdr

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Trade closed: target reached: We havent been updating trades after posting them and keep getting questions around this

eg this trade hit take profit 1 and 2 on way down straight after entry and then closed out.
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