Euro / Canadian Dollar
Short
Updated

EURCAD - continuation of short (bearish Bat)

166
Hi everyone,
If you were following my posts, I was stopped out when price hit my protective stops.

I am re-entering the trade based on the rejection of the 20MA (BBand)
EP at 1.4913
Stops at 1.4958 (above the recent highs)
Targets at 1.4608
Trade active
My entry might be a little too premature as the H4 candle has not closed yet.

H1 candles seems to be supported by the RED trendline
snapshot
Trade active
I am liking this current H4 candle. reject the middle BBand.

Good luck to all

snapshot
Note
Price still resisted by TL resistance and the BBand. Staying the course.
SL still at 1.4958

snapshot

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