EliteTradingSuite

EURCAD Short

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FX:EURCAD   ユーロ/加ドル
If we look at the weekly chart we can see last week candle formed a high test pin bar - this shows to me a massive rejection of price and a short bias

Now looking at the Daily chart we can see price broke the 50 EMA and came back to retest this level on Wednesday/Thursday of last week this level was rejected - Short bias

Looking on the 4 Hourly chart you can see a head and shoulders pattern has formed and price is currently on the neckline, we can expect a break of this neckline and a retest, at this point we will be looking for our sell signal to enter this trade

updates to follow

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