FX:EURCAD   Euro / Canadian Dollar
62 0 2
An opportunity to sell this pair as it's broken through a support line during a downtrend. The 4 hour chart is showing strong bearish price action and I believe the pair will head down to the next structure low and support area . The other possibility is that when markets open, price could come back up and head towards upper resistance line. However, on the 1 hour chart, price broke upper dotted trend line , formed a spinning top , came back up to retest putting in a small bullish candle which was engulfed by a bearish one thereafter.
Comment: Trade was actually taken in the upward direction when markets reopened towards upper solid trend line.
Trade closed: target reached: Target reached for 151 pips. Happy with trade and also happy that I anticipated the move up instead of down when markets opened.
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