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francesgurton

EURCAD - Short

Short
Euro / Canadian Dollar (FX:EURCAD)  
francesgurton  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators EURCAD Forex Descending Channel Chart patterns
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trendanalysis chartpattern indicator eurcad forex descendingchannel chartpatterns
potential short on EURCAD, as price approaches resistance

Key areas:
- 61.8% fib level
- Resistance of descending channel (1.4815)
- key previous support around 1.4760 level

Checklist for entry:


- rejection at 61.8% fib level
- rejection at the resistance of the channel
- rejection/break under 4H EMA
- rejection at 1.4760 previous support level
- bearish confluence among MACD and RVI


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