1,4313. EUR CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.
=> We could take a short position at 1,4330. We will put the stop loss above 1,4380 (-50 pips). The targets are 1,4250 (+80 pips) 1,4170 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,4360 - 1,4380
1,4300 - 1,4250