Inside the Currency Market: EUR/CAD

We caught this trade late, highs were seen at reported 1.4931 then reversed to 1.4803 lows. We caught 1.4838 to 1.4803 lows.

EUR/CAD. Bottom. 1.4739. Range break above 1.4882, Below 1.4745. Overbought sell point 1.4894. Strategy. Long above 1.4814, Target 1.4894. Then reverse short to 1.4854 and break of 1.4814. Points on the way up, 1.4821, 1.4839, 1.4857, 1.4875, 1.4894.

Shorts below 1.4813, Target 1.4776, Watch for reversal long to 1.4813. Break 1.4776, stay short. Points on the way down, 1.4807, 1.4798, 1.4789, 1.4780, 1.4776, 1.4759, 1.4739 Bottom.

Brian Twomey, Inside the Currency Market, btwomey.com

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