Inside the Currency Market: EUR/CAD

EUR/CAD. Bottom. 1.4963. Range break above 1.5055, Below 1.5020. Overbought sell point 1.5114, Failure point 1.5091. Strategy. Longs above 1.5038, Target 1.5114 then reverse short to 1.5076, at 1.5091 Failure point then short to 1.5065. Points on the way up, 1.5050, 1.5060, 1.5070, 1.5080, 1.5091, 1.5114. Violation point if seen is 1.5134.

Shorts below 1.5037, Target 1.5000. Watch for reversal here to 1.5037. Points on the way down, 1.5027, 1.5021, 1.5016, 1.5011, 1.5006, 1.4984, 1.4963 Bottom. Point 1.5000 must cross to go higher. Price oversold at 1.4963.

Brian Twomey, Inside the Currency Market, btwomey.com

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