Yahia.Awes
Short

Broken out the downtrend channel, but?

FX:EURCAD   Euro / Canadian Dollar
33 3 6
I agree price has broken out the downtrend channel . Still I'm not convinced of going long here, because of the daily shooting star that has been made.

The daily candle before this one was also very bearish and it looks like the shooting star yesterday was to flush the SL of weak bears. Also we have a nice hidden bearish divergence, if you ask me I will join the bears but opening of next week will be key!

Remember weak CAD is weak OIL             and oil             looks down...
Ñot trading this anymore, because it is tempting to breakout everytime.
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Yahia.Awes Yahia.Awes
This pair is drunk hahaha
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I can see rejection again today, will CAD fight back finally?
snapshot
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