QuileHills

EURCAD Approaches Fib and Overbought

Short
FX:EURCAD   Euro / Canadian Dollar
5
Keep an eye on the area shown in the oval.

Rejection from fib and break of channel support along with RSI indicating oversold on multiple time frames will present a good opportunity to short with a position similar to the one shown on the chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.