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thedailychartist
Aug 21, 2018 4:14 PM

EURCAD opportunity to ride the bearish trend? Short

Euro Fx/Canadian DollarFXCM

Description

If you're looking to get a piece of the nearly 800-pip sell-off from the JUN-2018 swing high, then we might have an opportunity soon as the price hits a horizontal resistance level at 1.5042 - 1.5120 region. Looking to take this trade only if we see a strong bearish price action at the aforementioned price levels or thereabouts.

Comment

Price broke my resistance level so this might be looking to go higher. Let's see how the daily closes. Yesterday closed with a nice bearish pin bar so this thing might still be trying to decide.

Comment

Nope. :)
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