Get started
HayatoDragonFX

EURCAD, 4hr tf, expecting a retracement

Short
Euro / Canadian Dollar (FX:EURCAD)  
HayatoDragonFX  
FX:EURCAD   Euro / Canadian Dollar
Support and Resistance Supply and Demand Candlestick Analysis EURCAD eurcadshort eurcadanalysis eurcadsell priceaction priceactiontrading priceactionanalysis
1
0
supportandresistance supplyanddemand candlestick eurcad eurcadshort eurcadanalysis eurcadsell priceaction priceactiontrading priceactionanalysis
Price pretty much overextended for EURCAD.
It reached 361.8 fibonacci expansion and then made a shooting star candle.
Overall EURCAD might make another wave to the upside but before that we might see some downwards movement first towards 1.4900 area.

I will try selling EURCAD if it touch 1.5000

Sell EURCAD 1.5000
Stop loss 1.5045
Take profit 1.4900 (2.2R)

Use only 1-2% risk
Good luck
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.