Overview
EURCAD
was in a bullish trend, however price formed bearish divergence and hence there was possibility of a bearish trend formation! Analysis & Plan
Bullish trend of
EURCAD
was showing weakness due to bearish divergence. Our plan was to observer the market and expect a bearish trend formation. Our entry was on break of the last two HL which gave us a good indication of a bearish trend formation and continuation!