EURCAD and EURUSD bearish reversal?!?!

FX:EURCAD   Euro / 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
Oh no!
I am still waiting for this one to turn bears whenever it does. Because it is heavily overbought.
i think the FOMC meeting caused major swings in the market. A lot of correlating pairs broke area of major resistance
shilox AlexxChan
Yes, I noticed that too.
Great one - I am In---
+1 Reply
You nailed it Alexx. The trend is bearish, it will eventually go down.
+1 Reply
Thanks shilox!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out