Tradingwithtamil

EURCAD TURNING AROUND UPWARD?

לונג
Tradingwithtamil מעודכן   
FX:EURCAD   יורו / דולר קנדי
The canadian dollar tron between and the data can help it decide where the next Go..

Canada publishes its jobs report on Friday, June 8th, at 12:30. Back in April, the Canadian economy lost 1,100 positions, a very disappointing outcome.
The general notion was that the nation got out of its long winter
slump and growth, including in jobs, would pick up.
Net Employment Change expected to rise by 20,000, an increase that is within the normal range. The Unemployment Rate is forecast to remain unchanged at 5.8% with a stable Participation Rate at 65.4%.

All in all, expectations are reasonable, not too hot and not too cold. Any deviation will likely have a significant impact on market. And will help it choose a direction as it stands at the crossroads.

Apart from this,

In a day time-frame, the signals moved in the major trend line, at 1.52245 it start to behave abnormal. signals break-out the resistance
and went downhill.
And again it tried for push-up but it can't. At 1.51665 the market broke the resistance and the and formed as a good impulse.
After the Break-down the candles are growing with high up-ward potential.
I'm expecting the rise will up-to 1.56192

SIGNAL SPECIFICATION

Pair:EURCAD

Order:BUY

Entry:1.52684

Take profit:1.56192

Stop loss:1.49218

Risk Vs Reward:1.01
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Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil
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