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AislanSartori

EURCAD SHORT

Short
Euro / Canadian Dollar (FX:EURCAD)  
AislanSartori Updated   
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis EURCAD eurcadshort sellsignal swingtrade short pips
3
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trendanalysis chartpattern waveanalysis eurcad eurcadshort sellsignal swingtrade short pips
ECAD has pulled back 50% on the daily tf, leaving some wicks to the upside, showing buyers exhaustion. Also, it is currently on a very strong resistance/support zone shown by teal ellipses. High price reversal zone. On 4H time frame, is forming a double top or the beginning of an inverted H&S. Either way, many confluences showing high probability of more downside movement.

Entry Price: 1.5150-1.5160

SL: 1.5205
TP1: 1.5097
TP2: 1.4993
TP3: 1.4896
TP4: 1.4610 (Swing)
Trade closed: target reached:
Take Profit 1 HIT! +50 pips. Move stop loss to break even and let it ride. Risk free trade.
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