While last friday's retail sales on Canadian dollar made an impulsive move up leaving us just a big wick, shows us the zone above it is really strong.
We have there a weekly support and a fibo 50% + looking at the Canadian dollar currency index it just hit the monthly trendline and did not manage to break it.
Looking at a weekly chart i think the next EURCAD weekly candle could be really nice impulsive bear candle, so keep an eye on the pair for that short setups. I will update the entry when it's ready. You can enter on your own by waiting for an impulsive moove to break that small trendline:
We have there a weekly support and a fibo 50% + looking at the Canadian dollar currency index it just hit the monthly trendline and did not manage to break it.
Looking at a weekly chart i think the next EURCAD weekly candle could be really nice impulsive bear candle, so keep an eye on the pair for that short setups. I will update the entry when it's ready. You can enter on your own by waiting for an impulsive moove to break that small trendline: