EURCAD SHORT 1H (short term)

EURCAD SHORT

4H Chart:

*This chart is displaying that this pair is in overall downtrend
*When retesting structure the seller showed a strong interest for this pair
*Heavy seller strength came in resulting in a lower-low lower close on 4H candle (bearish engulfing

1H Chart:
*This pair had come into structure on the 1H and been SLAMMED down by the seller
*Stronger momentum on seller side
*Look for one last re-test into structure before possible rollover

Always make sure to have a trading plan and to stay discipline to it. Never risk more than 2% of trading capital and always have a good risk/reward ratio.


Cheers!