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Hello Guys ,
EUR/CAD reach a critical resistance zone at 1.6120 ( weekly chart ) last week which force the pair to go down again and close under this level exactly at the level 1.5762 forming a strong bearish candelstick " Hummer" or " Kangoroo tail" . the abscence of any previous price action on the zone 1.7850 - 1.6120 in the last few weeks gives a strong clue that the market is going down at least for the next two weeks .
To make a good entry I recommend a sell stop at 1.5740 to make sure tha…
EUR/CAD reach a critical resistance zone at 1.6120 ( weekly chart ) last week which force the pair to go down again and close under this level exactly at the level 1.5762 forming a strong bearish candelstick " Hummer" or " Kangoroo tail" . the abscence of any previous price action on the zone 1.7850 - 1.6120 in the last few weeks gives a strong clue that the market is going down at least for the next two weeks .
To make a good entry I recommend a sell stop at 1.5740 to make sure tha…