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UnknownUnicorn3383220
Sep 2, 2018 2:59 PM

EURCAD trading setups  Short

Euro Fx/Canadian DollarFXCM

Description

Whilst the market remains below resistant zone 1.5200-1.5500, we would look to sell this market at any good bearish signal on daily or 4h chart, following the overall downtrend bias.

Note: The market created many bearish tail and pin bars below the resistant (see the picture below). This area also represents the 50% Fibonacci retracement and still remains below EMA 200 and the market was stuck at these levels during these last two weeks (Aug 27 to Aug 31).
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