The weakness of the bullish part of the chart that has been shown on macD indicators make an opportunity for bearish part to take a profit.
i recommend to short now and take profit a few pips above the green box; just in case put sl line behind the red zone.
hope to enjoy your profit ;)
If you buy on my first comment so you are on profit now as i predicted, so the second steps is to exit on the red area (calld as a exit area) to dont lose the profit!
After that we sit as a observer and watch how market react to this area to decide what to do after.
just want to recall that when i said to buy in a my first post the market was on strong sell, so...
It seems its a end of the downtrend for EurCad.
this area has a possibility to reverse our downtrend. first of all MacD can makes +RD on both short and medium terms and Rsi shows the weakness of the sellers.
so i recommend this area to buy and my strategy is to trailing and take market profit.
hope this happend
