EUR/CAD 1/20/2021 19:05 (DEMO)
EUR/CAD 1/20/2021 19:
Fundamental/Sentimental
Cot: COT Seems to be only effected by the European hedge funds. Even the strongest of the funds in the Canadian market seem to have minimal effect on price action.
Net funds are starting to show a crossover with price action, which last time preceded a reversal.
News and Events: Monetary Policy statements London sesh and New York sessions. Crazy moves expected tomorrow morning.
Technical
Time Frame Analysis: Monthly shows that there’s a new uptrend being created. Weekly shows that price has room to move down, but we have indicators of exhaustion. Daily: Price action has room to go down,strong affirmations that price will consolidate between the 61 and 50 and add another touch to this uptrend. 4h: Definite moves to the downside expected in form of a trend that will navigate us into a ‘magnetic zone.’
Indicators: Supported strongly by RSI on larger time frames
Entry
Position: 0.02 of 5,000USD
RR: 3.32, TP of 211.8 pips. SL 63.8pips
Fundamental/Sentimental
Cot: COT Seems to be only effected by the European hedge funds. Even the strongest of the funds in the Canadian market seem to have minimal effect on price action.
Net funds are starting to show a crossover with price action, which last time preceded a reversal.
News and Events: Monetary Policy statements London sesh and New York sessions. Crazy moves expected tomorrow morning.
Technical
Time Frame Analysis: Monthly shows that there’s a new uptrend being created. Weekly shows that price has room to move down, but we have indicators of exhaustion. Daily: Price action has room to go down,strong affirmations that price will consolidate between the 61 and 50 and add another touch to this uptrend. 4h: Definite moves to the downside expected in form of a trend that will navigate us into a ‘magnetic zone.’
Indicators: Supported strongly by RSI on larger time frames
Entry
Position: 0.02 of 5,000USD
RR: 3.32, TP of 211.8 pips. SL 63.8pips
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