Initiating a short on EUR/CAD as risk sentiment deteriorates and technicals point to a downside move. The pair has failed to break above and is forming a potential lower high, with momentum indicators showing bearish divergence. A break below adds confirmation to the
short setup.
Entry: [1.56883]
Stop Loss: [1.57173]
Take Profit:[1.55734]
Risk/Reward Ratio: [1:4 R:R]
Timeframe: [4H / Daily]
short setup.
Entry: [1.56883]
Stop Loss: [1.57173]
Take Profit:[1.55734]
Risk/Reward Ratio: [1:4 R:R]
Timeframe: [4H / Daily]
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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.