EURCAD #fxroom Trade Setup for 7th January, 2014 (Tuesday)

EURCAD Trade Setup for 7th January, 2014 (Tuesday)

I don't usually analyse this pair, however with some Ideas produced from some friends in my Live Analysis Room (#fxroom). I thought it would be beneficial for me to draw something on the chart so I can visualize whats in play ! I'll be looking at this closely as it is retesting the pivot. (Asian session)

Cheers

Howard

Link to Live analysis Room

Hourly Chart

Outlook Trade opportunity

Short opportunity at a retest of the Weekly Pivot line, Targeting S1 Weekly Pivot

Risk Level - Medium

Tips -

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