Short Setup EURCAD
A potential short setup can trigger due to following reasons
1. A long time Trendline
2. Recent move's fib level 1.618% is completed.
3. A resistant area.
So a short can be done once there is a confirmation in 4hours timeframe.
1. A long time Trendline
2. Recent move's fib level 1.618% is completed.
3. A resistant area.
So a short can be done once there is a confirmation in 4hours timeframe.
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.