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EURCAD Short Opportunity : the short term trendline is broken

EURCAD Short Opportunity: the short term trendline is broken

As seen in the H1 chart, the price has broken the short term trend line. The first target will be the latest major fractal level 1.53600 and the second target will be 1.53150.

Price may retest the trend line. Short trade can be entered @ 1.53800 ( A H1 closing below ) with the targets 1.53600, 1.53150 and 1.52800.

Good Luck

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

 

EURCAD :  Forex Trading involves risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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