We await a new move higher on EUR/CAD, although mixed markets continue (very frustrating), above 1.4900 will confirm further growth, and a great opportunity for a potential large move higher, as before.
The black line is the 200 ma, now sitting at 1.4880, in order for the price action to become a buy it needs to move above 1.4880, even 1.4900. If it stays below the 200 ma, then this is likely to continue south-for the moment.
SUPER TREND
For those who subscribe to our Advanced Pro software and tools, you will know which pairs are now starting to move.
One of those continuing is EUR/AUD, notice the chart below, above the blue line is support, as long as it continues above this it will be a buy. Although there is resistance at 1.6112 (orange bar). Simple move your stop with the blue line, takes just a few minutes per day. There are a few others, but some are setting up for a potential BIG move in the coming weeks.
Do you want to try this software in action, with a 30 day FREE trial?
Contact me on WhatsApp on 07882731720, or info@thetradingmentors.com or sign up on the web site www.thetradingmentors.com
Chris
Commentaires