jammyguy98

EURCAD SHORT TIME FRAME 4HOURS AND 1HOUR

Short
FX:EURCAD   Euro / Dollaro canadese
I have set my my support and resistance and you can see the price moving upwards in a nice channel. You can also see two areas i have marked off which is where price struggled to push through. On the hour time frame price has decelerated and is struggling to push through, it is now moving sideways which is an indication of a drop. on the hour time frame a falling wedge has also been formed, i am awaiting for it to break then retest before i enter. i would like to see the price drop and retrace all the way back down to the support level.

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