BoonHooi

EURCAD - continuation of short (bearish Bat)

Short
BoonHooi Updated   
FX:EURCAD   Euro / Canadian Dollar
Hi everyone,
If you were following my posts, I was stopped out when price hit my protective stops.

I am re-entering the trade based on the rejection of the 20MA (BBand)
EP at 1.4913
Stops at 1.4958 (above the recent highs)
Targets at 1.4608
Trade active:
My entry might be a little too premature as the H4 candle has not closed yet.

H1 candles seems to be supported by the RED trendline
Trade active:
I am liking this current H4 candle. reject the middle BBand.

Good luck to all

Comment:
Price still resisted by TL resistance and the BBand. Staying the course.
SL still at 1.4958

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