EURCAD - Posssible Short Scenario after a 78.6 retracement

There is a possible 78.6 fibbonaci retracement on EURCAD, before it starts pushing down to touch the black-dotted uptrend you'll see on the chart when you zoom out. There are also some major areas of reversal to pay attention to. Personaly, I took that sell limit order and waiting it to go active. If you agree with me place it, else share a chart pointing out the different idea you have in mind, in a comment. Thank you !


Just an idea, not a signal. Compare it with yours and leave a comment, letting me know what you think.

Trade with care

Trade active

Trade closed: stop reached