EURCAD, 4hr tf, sell channel breakout retest
Hello my friends,
Last setup for today is EURCAD pair.
As you can see there is a ascending channel which has been broken recently.
Price retest this channel twice and failed to close back above it so i could say it is now a valid resistance.
We could see price rotate lower from this point.
The last 4hr candle also looks like a bearish pinbar which is a good indicators that sellers are in control for now.
Sell EURCAD 1.5490
Stop loss 1.5520
Take profit 1.5430 (2R)
RR ratio 1 : 2
Use only 1-2% risk
Good luck
Don't forget to check my other ideas that i posted recently and give it a thumbs up.
Last setup for today is EURCAD pair.
As you can see there is a ascending channel which has been broken recently.
Price retest this channel twice and failed to close back above it so i could say it is now a valid resistance.
We could see price rotate lower from this point.
The last 4hr candle also looks like a bearish pinbar which is a good indicators that sellers are in control for now.
Sell EURCAD 1.5490
Stop loss 1.5520
Take profit 1.5430 (2R)
RR ratio 1 : 2
Use only 1-2% risk
Good luck
Don't forget to check my other ideas that i posted recently and give it a thumbs up.
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