ashddylan

EUR/CAD - Short Opportunity

Short
ashddylan Updated   
FX:EURCAD   Euro / Canadian Dollar
5
There are two different take profit levels on this one, the first is 1.45443 and the second being 1.43791. Price could find support at 38.2% (near old support and resistance) so it's good to stay prepared.

After the price gap and huge rally of EUR/CAD, it's due a fall. The EUR looks likes it's lost it's steam and is approaching a major trend line, my Stochastic indicator shows me that price is oversold and is now approaching a drop.

Good Luck!
Trade active
Comment:
Price could be looking to break
Comment:
Price retested and broke resistance wait for pull back or close above to go long.
Comment:
Possible bullish breakout from triangle
Comment:
We might see a bullish break
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