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aiza_belle

EURCAD Short

Short
Euro / Canadian Dollar (FX_IDC:EURCAD)  
aiza_belle Updated   
FX_IDC:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EURCAD EUR CAD Bearish Patterns short SELL
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trendanalysis chartpattern beyondta eurcad eur cad bearish short sell
Similar to EURUSD especially with strong bullish sentiment on CAD (thanks to continued rising oil prices), also shorting this pair but at market instead of setting stop order, with TP at base pivot line (weekly chart) and tight SL near 1.485.

Weekly:
snapshot

Daily:
snapshot


Confidence: B (might bounce up again from base pivot line after completing its current pattern; any indication of overpriced oil might cause this pair to go bullish soon; risks from any change in dovish tone from ECB speeches this week can affect this pair as well)
Trade closed: stop reached:
Should have set my buy stop order below S1 instead of getting excited and selling right away, better luck next time!:)

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