EURCAD Short
If we look at the weekly chart we can see last week candle formed a high test pin bar - this shows to me a massive rejection of price and a short bias
Now looking at the Daily chart we can see price broke the 50 EMA and came back to retest this level on Wednesday/Thursday of last week this level was rejected - Short bias
Looking on the 4 Hourly chart you can see a head and shoulders pattern has formed and price is currently on the neckline, we can expect a break of this neckline and a retest, at this point we will be looking for our sell signal to enter this trade
updates to follow
Now looking at the Daily chart we can see price broke the 50 EMA and came back to retest this level on Wednesday/Thursday of last week this level was rejected - Short bias
Looking on the 4 Hourly chart you can see a head and shoulders pattern has formed and price is currently on the neckline, we can expect a break of this neckline and a retest, at this point we will be looking for our sell signal to enter this trade
updates to follow
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