Get started
MtxTrader

EURCAD 4h Short at Resistance

Short
Euro / Canadian Dollar (FX:EURCAD)  
MtxTrader Updated   
FX:EURCAD   Euro / Canadian Dollar
EURCAD 4h priceaction Bearish Patterns short Support and Resistance rejection overbought
6
0
eurcad 4h priceaction bearish short supportandresistance rejection overbought
EURCAD is overbought on the 4h time frame, and price was rejected from resistance at 1.4100

I see this area as a supply zone, where sellers will be entering the market.
Comment:
Currently retesting resistance one more time, my position is still running.
Comment:
EUR and CAD bulls battling it out.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.