EURCAD - Little bit of slowdown at 100 WMA and Kumo
I scaled back my shorts today (opened at 1,4985 average), as there is some minor momentum loss at 100 WMA and Kumo support/resistance area of 1,45-1,46.
Price enterred the thick Kumo, we may see some hesitation in this neutral zone and a spike to 1,4810-1,4910 is possible, which should be sold again as a Kijun retest entry point, with a stop 1,5050. Especially with focus on WTI, which actually has good chance to deliver further bullish price action.
Price enterred the thick Kumo, we may see some hesitation in this neutral zone and a spike to 1,4810-1,4910 is possible, which should be sold again as a Kijun retest entry point, with a stop 1,5050. Especially with focus on WTI, which actually has good chance to deliver further bullish price action.
