jazzik
Short

Short EURCAD on bearish closing marubozu

FX:EURCAD   Euro Fx/Canadian Dollar
43 0 1
UPDATE 9/4 - Direction as expected, the move was very aggressive and did not allow the limit sell to fill. With an aggressive entry at the bottom of marubozu , price would already hit t/p level. Having said that, I am taking the limit order of the market.

Red horizontal resistance (once support, see candle from 16/1) tested again, without luck for the sixth time.
Retracement at around .382 of the most recent drop.

Sell at half the marubozu candle with s/l over the resistance and t/p close to recent lows.
R/R 2.62
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