EURCAD - Bearish continuation is confirmed

FX:EURCAD   Euro Fx/Canadian Dollar
89 4 2
Not much to add to the original idea (see link below), except the confirmations, which are clear now.

- Weekly Heikin Ashi candle reversed to bearish again
- Daily bear flag is broken, Heikin Ashi signal is clear bearish . Tenkan Sen points down again (so does Kijun and Senkou A). More acceleration expected below 1,34.

Hold shorts, add more on any pull backs.
Today I would prefer to buy.
Target 1 - 1.36400
Target 2 - 1.37500
Day pin bar
Resistance level and level 1.35000

The trend is down, and I do not even see a chance for a counter trend on the 4H time frame. Until 4H price is below the Kumo and 100 WMA I look for sell signals only.
Day pin bars and regular japanese patterns are not for me. I find them often confusing. That's why I use Heikin Ashi instead, to filter as much noise as possible.
But if you daytraded, then obviously your idea worked upto your first tgt 1,3640.
tcas Kumowizard
You are right. Trend is too strong. It was my mistake.
Always try to follow the main trend, which is stronger on the higher time frame. Sometimes I do counter trend swing trades myself too (always tempting to feel like beating the market at least short term :-) ), but trying to trade more with the trend. Even if you try somthing against the trend, make sure three things:
- your trade size is not bigger than 0,5 Unit of your regular size
- prefer those counter trades only which at least show some counter trend on the lower time frame (4H in my case)
- use a tighter stop loss
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