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nick2497
Oct 29, 2021 5:38 PM

EURCAD Short (Daily) Short

Euro Fx/Canadian DollarFXCM

Description

Big shorts coming - double rejection of resistance on lower high with an engulfing bear candle. Easy short down to weekly demand!

TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Comments
UnknownUnicorn19961719
Is it not already a little bit oversold ?
nick2497
@szerMajk, In forex oversold/overbought tends to be less of a thing. Price can move up and down much more without the pressure to get it back up to a ''certain level'', like a stock for example. As long as we have pullbacks, strong trend moves and no real reversal structure, trend will always prevail!
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