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morrisgitau
Sep 6, 2023 8:06 AM

EURCAD Short

Euro Fx/Canadian DollarFXCM

Description

On the 4 hour chart, we are monitoring possible sell opportunities. After the impulsive move represented by the green arrow, the pair is in a bullish correction that seems to be losing momentum. Presently we have a break of structure. I am awaiting a correction targeting a trend line liquidity and fresh order block on the 5 minute charts. The second alternative entry is the fresh order block on the 4 hour timeframe My proposed exit is either the fresh order block at 1.451 or the liquidity at 1.4485. Kindly note, once we have a break in the Keys Structure marker, we will be shift the market structure to bearish targeting 1.42 region.
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