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glennmercer glennmercer PRO EURCAD, 60, Short
EURCAD: EURCAD Short: Bearish Bat at MA and Structural Confluence
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EURCAD, 60 Short
EURCAD Short: Bearish Bat at MA and Structural Confluence

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.

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