EURCAD 4h short setup
Price broke through marked support and now made a retest of that broken support and got rejected with bearish engulfing candle which also broke through ascending trendline. MACD is also giving us confirmation for short setup. We can expect that price will now form a new low.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.