Razvan

EURCAD - False Breakout over 1.3

Short
FX:EURCAD   Euro / Canadian Dollar
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1
Another shooting star has made a false breakout over 1.3, a fall under 1.2935 could send the price even lower. A target would be the trend line and the support at 1.2801.
The risk/reward is not a spectacular one, but the stop could be lowered at the half of the shadow for a better one.

Comments

Target hit!
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also on a H4 and H1 that forms a really nice HS

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Razvan Spitfirefx
yes it was, right over the trend line :)
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Stop can be placed on break even now :)
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