EURCAD update 05.04.2018

Pretty simple pattern, with the usual political disclaimer of course making this is a volatile pair.
1.5641 is the 38.2% fibo of the Jan-Mar rally, which needs to give way for another 1% move lower. As the NAFTA news filtering through is rather positive, I expect it happen sooner rather than later. I keep the short in place, may add again depending on headlines if we see a retracement to mid 1.57s ( 09 mar low)

EURCAD D1 05.04.2018

K-man

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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