EURCAD: Initiate shorts when retrace towards bottom of cloud
Strong reversal candle on the weekly chart and price is now firmly below the weekly cloud. Retracements towards the bottom of the cloud would be good opportunities to initiate shorts.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.