FX:EURCAD   Euro / Canadian Dollar
So after seeing signs of bearish divergence ( trend line on indicator and on chart) we saw a large bearish move down. Now price has had the third tap onto the ascending trend line and as of now rejects the 50ema on the 4 hour time frame - another confluence being how it is sat on the 61.8 fib level which it is starting to push beyond. Stocastic oscillator also remains under 20 which indicates oversold conditions - indicating price may move upwards. Stop loss below 1.53000 - this was an area of resistance that I know could be support.

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This is great mate! Brilliant analysis description
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joerenshaw Jack_L96
@Jack_L96, thank you mate - shame about euro weakness today.. fundamentals blue this trade.
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