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VasilyTrader
Mar 11, 2021 1:14 PM

EURCAD: Trading Opportunity for US Session Short

EUR/CADOANDA

Description



EURCAD is trading in a sharp bearish trend .

The pair is currently consolidating within a narrow horizontal trading range.

Bearish breakout of 1.503 support (hourly candle close below) can give us a nice breakout trade.
Wait for the structure violation, then sell aggressively or on a retest.

First goal will be 1.4993 structure low

In case if the market sets new higher high above the yellow resistance, setup will be invalid.

Comment

Check my new analysis on BTCUSD:
Comments
FXCM
thanks for sharing, here's my view on EURCAD:
Antonio_trader
Solid trade plan, nice!
VasilyTrader
@Antonio_trader, thank you brother :)
lmulhare
Thanks Vasily :)
VasilyTrader
@lmulhare, you are welcome buddy!!!
TraDerial
agree it is the end of the pullback on the 4 hourly chart
VasilyTrader
@kpushdary, thank you for comment my friend :)
ProjectSyndicate
detailed trade plan for position traders today. nice work!
VasilyTrader
@ProjectSyndicate, thanks a lot bro ☺️
VasilyTrader
We are waiting for hourly candle close below support, traders
Only then short!
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