potential short on EURCAD, as price approaches resistance
Key areas:
- 61.8% fib level
- Resistance of descending channel (1.4815)
- key previous support around 1.4760 level
Checklist for entry:
- rejection at 61.8% fib level
- rejection at the resistance of the channel
- rejection/break under 4H EMA
- rejection at 1.4760 previous support level
- bearish confluence among MACD and RVI
Key areas:
- 61.8% fib level
- Resistance of descending channel (1.4815)
- key previous support around 1.4760 level
Checklist for entry:
- rejection at 61.8% fib level
- rejection at the resistance of the channel
- rejection/break under 4H EMA
- rejection at 1.4760 previous support level
- bearish confluence among MACD and RVI