EURCAD possible shorting opportunity
Updated
Hi traders,
As you can see EURCAD recently has reached to a key level where this pair has acted as a support and resistance in the past. Once again we have seen a rejection at this level. Just waiting for the current 4h candle to engulf the previous green candle and will be shorting from here.
Initial tp will be 1 ATR which is around 45 pips and manage from there on.
Good luck and trade safe.
As you can see EURCAD recently has reached to a key level where this pair has acted as a support and resistance in the past. Once again we have seen a rejection at this level. Just waiting for the current 4h candle to engulf the previous green candle and will be shorting from here.
Initial tp will be 1 ATR which is around 45 pips and manage from there on.
Good luck and trade safe.
Trade closed: target reached
Closed one position with 49 pips. Moved the sl on the 2nd position to break even to see it out.
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