EURCAD 24 NOV 2019
From the graph, we can see that price has rejected from the Top resistance which actually is a Major Down Trend Line in Daily Chart.
Besides, the price also retest at 4H Resisane (Purple Line 1.47082) and formed a down trend move.
Next Week Forecast:
1. Seek for a retest at 0.5 as an entry.
2. If reject at 0.618, takes a minor long position which TP at 4H resistance whereas if continue break or retest at 0.618, short position and TP at 1.45515
Besides, the price also retest at 4H Resisane (Purple Line 1.47082) and formed a down trend move.
Next Week Forecast:
1. Seek for a retest at 0.5 as an entry.
2. If reject at 0.618, takes a minor long position which TP at 4H resistance whereas if continue break or retest at 0.618, short position and TP at 1.45515
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