gibbsys

EURCAD Short Setup

Short
FX:EURCAD   Euro / Canadian Dollar
Trend: Long term bullish
Structure: Head and shoulders / Support and resistance .

Plan: This is similar to my previous CADJPY idea by that it is slightly similar to a head and shoulders pattern, but can also be interpreted as a support and resistance play.

We look for price to bounce off of the upper resistance level and move to previous low.

MACD confirmed short and use good MM.