This EURCAD was a perfect Short opportunity. The Stoch, MA-RSI with Selling Volume all pointed towards a big sell opportunity. Conformation was further made with the closing of the long wick candle prior to the short. This setup should be screenshot and used for any future short on ANY pair
Note
MA RSI = Downtrend Stoch RSI = At or above 80.00
Volume = increasing Sell &
Oversold level being pushed lower by downtrend and dropping Stochastic
Note: The bottom forming could make way for a decent long
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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.