After Friday's giant sell off, ECAD has started the week off trading correctively.
A possible short scenario can take place with price retesting a zone of S&R between 1.55543 and 1.55424.
2 plays are possible from this zone.
A more aggressive entry would be placing a limit order at this zone and a more conservative entry would be to wait for PA to provide confirmation before a market order is placed.
I'm undecided on which way I would like to play this. I might enter half my risk as a limit order and enter the other half if PA confirms.
Target would be placed around 1.54650