AlexxChan
Short

EURCAD and EURUSD bearish reversal?!?!

FX:EURCAD   Euro Fx/Canadian Dollar
With a stop at a strong trend line , price action and RSI suggest that a reversal down might just happen. Other correlating pairs such as EURUSD             supports this claim as they are all near MAJOR consolidation areas

short @ the stop of 1.5200
stop @ 1.52381
t/p @1.5099

Be sure to comment and follow my tradingview for more analysis! Keep calm and trade on.......
Trade closed: stop reached
You nailed it Alexx. The trend is bearish, it will eventually go down.
+1 Reply
Thanks shilox!
Reply
Great one - I am In---
+1 Reply
Oh no!
I am still waiting for this one to turn bears whenever it does. Because it is heavily overbought.
Reply
i think the FOMC meeting caused major swings in the market. A lot of correlating pairs broke area of major resistance
Reply
shilox AlexxChan
Yes, I noticed that too.
Reply
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