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fxtraderkristina

EURCAD | potential SHORT trade OPPORTUNITY 🚀

Short
Euro / Canadian Dollar (FX:EURCAD)  
fxtraderkristina  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators EURCAD eurcadshort tradeanalysis sellsignal EUR CAD
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trendanalysis chartpattern indicator eurcad eurcadshort tradeanalysis sellsignal eur cad
- EUR/CAD is trending towards the downside on multiple time frames.
- The daily is currently forming a bearish engulfing candlestick pattern, suggesting bearish power in the market.
- We also have a recent H1 bearish engulfing candle closure bouncing off MA'20. H4 closure to confirm my entry.
- The trade has the potential to reach at least 80 pips in profit, so the overall setup looks good for a short trade opportunity.
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