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justinholtgrave

EURCAD - Sell Opportunity - Bollinger Band Breakout

Short
Euro / Canadian Dollar (FX:EURCAD)  
justinholtgrave Updated   
FX:EURCAD   Euro / Canadian Dollar
EURCAD EUR CAD short SELL Bollinger Bands (BB) support Relative Strength Index (RSI) 4h breakout
2
0
eurcad eur cad short sell bollingerbands support relativestrengthindex 4h breakout
EURCAD has successfully broken through and closed below the lower Bollinger Band. RSI was recently very overbought. Price failed to create new highs and closed strongly through the middle Bollinger Band closing below the lower Bollinger Band. I expect price to re-test previous lows. Daily TF POV is linked to this idea.
Comment:
Moving averages have also very recently crossed confirming this trade setup. Confluence trades only.
Trade active

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