AMMT
Short

EURCAD - Go Short

FX:EURCAD   Euro / Canadian Dollar
27 1 0
The EURCAD             broke a major up trend line , in place since May 2015. In the last two days, this pair retested that trend line . The Weekly long term GMMA (orange) shows signs of compression and is starting to point down.
Putting all the information together, there is a good opportunity to short this pair.

Order 1:

Entry @ 1.4663
SL @ 1.5050
TG @ 1.3890-1.4000 area
Risk-reward ratio ~ 1:2
Trade management: boxes in units of risk-reward


Order 2:

Entry @ 1.4663
SL @ 1.5050
TG @ 1.3890-1.4000 area
Risk-reward ratio ~ 1:2
Trade management: boxes in units of risk-reward
Note: Order 2 has no downside target instead of the 1.3890-1.4000 area mentioned in the post . Management is still made with boxes.
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