EURCAD Short Trade *TRENDLINE BREAK & RETEST*
Here is my short trade analysis on EURCAD FX currency
4hr bullish trendline was broken this week with new lower lows made and lower highs on the 4hr timeframe. Price is now retesting the broken TL with multiple 4hr wick rejections of the TL and 0.786 fib retracement level.
I am going to target the fib 27% extension level which coincides with 1.48800 key support zone
4hr bullish trendline was broken this week with new lower lows made and lower highs on the 4hr timeframe. Price is now retesting the broken TL with multiple 4hr wick rejections of the TL and 0.786 fib retracement level.
I am going to target the fib 27% extension level which coincides with 1.48800 key support zone
Trade active
Comment:
Choppy trade but still holding :)
