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HayatoDragonFX

EURCAD, 4hr tf, expecting a retracement

Short
Euro / Dollar Canadien (FX:EURCAD)  
HayatoDragonFX  
FX:EURCAD   Euro / Dollar Canadien
Support and Resistance Supply and Demand Candlestick Analysis EURCAD eurcadshort eurcadanalysis eurcadsell priceaction priceactiontrading priceactionanalysis
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supportandresistance supplyanddemand candlestick eurcad eurcadshort eurcadanalysis eurcadsell priceaction priceactiontrading priceactionanalysis
Price pretty much overextended for EURCAD.
It reached 361.8 fibonacci expansion and then made a shooting star candle.
Overall EURCAD might make another wave to the upside but before that we might see some downwards movement first towards 1.4900 area.

I will try selling EURCAD if it touch 1.5000

Sell EURCAD 1.5000
Stop loss 1.5045
Take profit 1.4900 (2.2R)

Use only 1-2% risk
Good luck
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