I shorted EurCad @ 1.4720 SL @ 1.4770 TP @ 1.4620
The reasons are as follows:
There is nothing 100% sure in forex as there can not be in any other business of the world.
So there is only probabilty of winning the trade and I enter when more than 50% probability
is at my side in this EurCad trade.
1. Stochastic is in overbought
2. Nice rejection of simple moving average.
3. Very nice bearish butterfly pattern.
4. Very far from the 50 day moving average that is green in color
5. Fib rejection at 50% level from high to low.
6. Beautiful shooting star.
7. Possible evening star as well
And the most important is that the pair is in downtrend.