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FedericoSellitti

EURCAD finally breaking down?

Short
Euro / Canadian Dollar (OANDA:EURCAD)  
FedericoSellitti Updated   
OANDA:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators EURCAD support swingtrading daytrading breakout Candlestick analysis keylevel daytrade
5
2
trendanalysis chartpattern indicator eurcad support swingtrading daytrading breakout candlestickanalysis keylevel daytrade
EURCAD is clearly in a downtrend, but not having any strong down-movement, at the moment. There was a first support (in blue in the chart) that held for a while, then the price went below it without any strong action. Now the price is passing another swing low, let's see if we will finally have an acceleration of the price, going down towards 1.4430.
Comment:
Took 1/5 of the position and moved the stop loss to entry
Trade closed: target reached:
Take profit reached!
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