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 meeting.
On technicals front we have overbought levels on , top of the range levels on and .
Quick simple technical indicator driven trade.
Good luck trading
Team at forexTrdr
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eg this trade hit take profit 1 and 2 on way down straight after entry and then closed out.