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Selling EUR/CAD towards 1.4033

18012023 EUR/CAD short 1.4515 stop 1.4563 target 1.4033 (10.8r)

Taken a short position in the telegram group this morning at 1.4515, our bespoke resistance. Our target level is the competed Crab formation at 1.4033.

EUR/CAD 8-hour CRAB

EURCAD

It should also be noted that this is regarded as the BC leg of a larger BAT formation.

Chart

Author

Ian Coleman

Ian Coleman

FXStreet

Ian started his financial career at the age of 18 working as a Junior Swiss Broker at Godsell Astley and Pearce (London). He quickly moved through the ranks and was Desk Manager at RP Martins at the age of 29.

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