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UnknownUnicorn485324

EUR/CAD short setup

Short
Euro / Canadian Dollar (OANDA:EURCAD)  
UnknownUnicorn485324  
OANDA:EURCAD   Euro / Canadian Dollar
bounce pullback downtrend Exponential Moving Average (EMA) decelerating_bars reversal Trend Lines Moving Average Convergence / Divergence (MACD) Fibonacci Retracement Fibonacci
2
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bounce pullback downtrend ema decelerating_bars reversal trendline macd fibonacciretracement fibonacci
Greetings traders!

I will be entering short on EUR/CAD as the price decelerated and rejected the 50 EMA, 0.5 Fibonacci level and MACD divergence in place as well. This looks like the first pullback of the trend started on 10/10, breaking out violently from the ascending wedge, suggesting a continuation of the major trend that started at the beginning of 2016.

Hope you liked the idea, thank you for your attention. Happy trading!

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