• Vasily Trader

EURCAD: Potential Short Trade

EURCAD is testing a peculiar intraday structure resistance .

Watching the reaction of the price on that we see multiple rejection and dodji candles.

The price started to trade in a local consolidation area.

To short the market with confirmation,

wait for a breakout of 1.477 - 1.4775 support.

It will be our trigger to open a trade.

Goals will be 1.473 / 1.469

In case of a bullish breakout of a yellow resistance,

the setup will be invalid.