EURCAD SHORT

ECAD has pulled back 50% on the daily tf, leaving some wicks to the upside, showing buyers exhaustion. Also, it is currently on a very strong resistance/support zone shown by teal ellipses. High price reversal zone. On 4H time frame, is forming a double top or the beginning of an inverted H&S. Either way, many confluences showing high probability of more downside movement.

Entry Price: 1.5150-1.5160

SL: 1.5205
TP1: 1.5097
TP2: 1.4993
TP3: 1.4896
TP4: 1.4610 (Swing)

Trade chiuso: obiettivo raggiunto:

Take Profit 1 HIT! +50 pips. Move stop loss to break even and let it ride. Risk free trade.