Get started
glennmercer

EURCAD Short: Bearish Bat at MA and Structural Confluence

Short
Euro / Canadian Dollar (FX:EURCAD)  
glennmercer Updated   
FX:EURCAD   Euro / Canadian Dollar
EURCAD 1h glennmercer gmercerfx confluence weeklyr2 r2
6
0
eurcad 1h glennmercer gmercerfx confluence weeklyr2 r2
EURCAD is forming a bearish bat on the 1H chart, an area confluent with multiple forms of resistance. This level also marks the average daily range exhaustion. SL is placed above weekly R2 resistance and 300EMA. TP is placed at point C, confluent with SMA and EMA pivot cluster.
Trade active
Trade closed: stop reached
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.