EURCAD TECHNICAL ANALYSIS ON H4 TIMEFRAME
Publish Date : 2019/10/11 - 06:58

EURCAD TECHNICAL ANALYSIS ON H4 TIMEFRAME


EUR/CAD is on its way to the 1.4700 mark, which is right smack at a range resistance on the 4-hour time frame.

What makes the level more interesting is that 1.4700 is also around a falling trend line resistance seen on the higher time frames.

Are the bears waiting at the level? Shorting at the earliest signs of bearish momentum would give you a good reward-to-risk ratio especially if the 1.4700 holds as range resistance or if trend traders haven’t gotten enough of shorting EUR/CAD

Source:babypips

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