EURCAD Support and Resistance 050919

Euro Fx/Canadian Dollar FX:EURCAD


We may be a little late on this pair but let’s let the market decide.

If there is still a retrace to a weekly zone (orange line, the area above that is a Fib level), wait for PA to go short.
Confluence of Fib level, weekly resistance and volume make it a sweet spot to go short.

TP is also a confluence of a monthly resistance (red) and a fib level. R:R is about 1:2.4

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