Friday, August 3, 2012

EURCAD (8/3/2012)



Figure 1: EURCAD Daily

I am bias on shorting this pair coz of that triangle breakdown which can be clearly seen on the chart below.

Figure 2: EURCAD H4 Timeframe

We had a pullback to the strong confluence of resistance area. Indicated by lower line of triangle and 38.2% Fibonacci retracement.

No comments:

Post a Comment