Like gbpcad that has already broken the neckline and it is heading down, eurcad is near the neckline and to enter short we have to wait for a daily close down the neckline at 1.4902 region. But like I said last week we have to be carful because at this time of the year many people and back ( especially these two weeks of august) are on holiday and we could be easily traped in a trade that does not move or that go in a direction that can fool us. Whoever wants to trade this pair be aware of that.