informedtrades
Short

Shorting EURCAD as the Pair Pulls Back to Resistance

FX:EURCAD   Euro Fx/Canadian Dollar
85 1 1
EURCAD             has been in a clear downtrend, but has pulled back over the past week or so. We're starting to see signs of CAD strength return across the board, though, and EURCAD             has a setup I thought was particularly favorable. I'm short at 4273, with my stop at 4333, and my target profit at 4003. This gives me a reward/risk greater than 4:1, which always piques my interest.

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zohaibayub85
2 years ago
at the time of posting the chart the price was already down about 70 pips, so are you waiting for price to retest 4273 or were you already short?
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