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TheForexGuide

EURCAD 4H SHORT

Short
Euro / Canadian Dollar (FX:EURCAD)  
TheForexGuide  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators EURCAD Supply Zone downtrend
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trendanalysis chartpattern indicator eurcad supplyzone downtrend
EURCAD with a downtrend structure creating lower highs and lower lows, currently about to retest a resistance level in confluence with a descending trenline, fibo 61,8 and most of all a strong supply zone. Wait for a candlestick confirmation of your entry such as pin bar, outside bar ...

5 reasons to enter the market:

downtrend
horizontal resistance
descending trendline
fibo 61,8
supply zone
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