숏

EUR/CAD - Short; Heavy resistance confluence!

업데이트됨

This pair is running into major resistance here, in an area of heavy confluence.
This is the end of a corrective rally, in which all Euro pairs participated, off of their recent, major lows. (Mostly due to a, yet again, market wide delusion that the EU will have to tighten ("at least!") 375 basis points... When in reality, as the latest data illustrates, the EU couldn't even climb out of its decade long deflationary spiral despite a massive, war/sanctions - and categorically, self - induced inflationary spike.)
Also, the EUR/GBP showing every sign of a top here, consequently, this pair makes an even stronger case for this Short than it's cousin's, the GBP/CAD.
This pair is on the verge of a cliff with no technical support under the current levels, i.e., for the next -550 pips. Which makes it the obvious Short Target.
Note; This has been stated time and again that these CAD pair shorts, while the case is strong, remain inferior to their USD cousins.

The EUR/GBP picture

액티브 트레이드

Should be Short here!

노트

액티브 트레이드

If anything, this is a Long here!

노트

This pattern is likely to complete ...

... on tomorrow's unemployment data! - E.g. Wait for it!!

노트

Looks like ...

... this is about to turn down, here.
- Which is just one more reason to switch to All CAD base currency Pairs -> Short[b/] and with a CAD/JPY Long focus.

노트

This is the one to watch!!

Looking for the completion of that major pattern, to go SHORT.
This will be a long(er) term trade, looking for 1000+ pips.

Here is the full picture;

액티브 트레이드

This is a ...

LONG here now!

거래청산: 타겟 닿음

FLAT, for now.

Loaded up something fierce for this 100 pips but it's time to bail as we're looking to turn around here, soon, for a massive Short! (Not yet, though.)
We are entering that huge daily cypher's PRZ here, i.e., only Short Bias, after this point!

액티브 트레이드

This should be coming down hard! - For now.