EURCAD pullback and up again?Looks like a good and solid support zone here, so i am going to try a long here. I am going to use 3 targets, each 33%. The last part i will keep with a trail stop if we do move up.
Previous analysis:
CADEUR
Quick SHORT Idea on CADEURSituation:
CADEUR is forming a downtrend. It which might be confirmed soon (pink dashed line).
Another point of potential movement will be the breaking of the yellow trend (yellow dashed line). Might even have some SHS flavour to it.
Plan:
Short CADEUR at the confirmation of the pink trend.
Execution:
Trade the trend with SL at the last lower high.
EUR CAD Short for 200 pipsEUR CAD is a short for me. On the daily there is a break and retest of the cloud. 4 hour shows a nice rejection from the resistance line.
