A top for EURCAD?

Hi friends,

My last post was regards the Silver which we were correct about the down move back to 31.5

Today, I think 1.3650 or so might be a good top level for EURCAD. The daily chart is reaching stiff resistance, BB duplication, and RSI is aiming 80 level.

On 4H chart we have great divergence forming on RSI 80 level, so I will take a risk and will call a top at this level. I do expect a retrace down to 1.3470 as first stage, then 1.3350 and 1.32 my last level I believe it can drop to.

Here is why I think so, please click to enlarge:

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I think that with such opportunities we have all the reason to go and to trade forex which we love so much 🙂

And as I said not once, it is TIME to be in markets and trade forex and other markets. We are in front of some AMAZING long term opportunities.

I do not think it’s the best period for intraday, but maybe I am wrong, but I do think it’s time for long term trading.

I wish you wonderful weekend

Yours

Vladimir Ribakov
http://www.vladimirforexsignals.com/

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.