Short Opportunity on EURCAD (4hr)
A short opportunity can be found on the EURCAD (4hr chart), please see rationale below:
1) Long term down trend (Daily chart)
2) Short term down trend (4hr) Black line
3) Recent historical price shows good opportunity to sell near 50 EMA Amber line (4hr chart)
Ideal for swing and day opportunities.
I could be a little early on the entry. But those who wish to wait for confirmation can wait for price to close below the EMA before entry.
Hope this idea helps you gang!
Happy Hunting!
1) Long term down trend (Daily chart)
2) Short term down trend (4hr) Black line
3) Recent historical price shows good opportunity to sell near 50 EMA Amber line (4hr chart)
Ideal for swing and day opportunities.
I could be a little early on the entry. But those who wish to wait for confirmation can wait for price to close below the EMA before entry.
Hope this idea helps you gang!
Happy Hunting!
Trade closed: target reached:
Target reached, pips banked. Waiting for the next best thing to arrive. Give it a thumbs up if you like it.