EURCAD - Short Setup with Barometer Confirmation

Hi guys, as I mentioned in my market barometer updates, the EURCAD is my pick today. The EUR is weak and the CAD is strong. Combine that with some other factors: recent drop below uptrend support, consistence diminishing pattern on X Meter & my trend signal confirmation; I am short @ 1.41739. My stop and target are posted on the chart.

We got some news to navigate this week. I will not hold this trade past Thursday night. The trade should be finished by then.

This is not investment advice, just my opinion(s). Please trade accordingly.

Trade safe and keep an eye on news.

Commento:

Stopped out. I got that one exactly wrong.