ARE DAILY SHORTS ON EURCAD VALID?
-Previous daily candle closed below 200 DEMA after being rejected at the Supertrend resistance.
-Current monthly candle high has respected the previous monthly candle high and the price is now breaking its own lows.
-Current daily candle low is equal to the previous daily candle low which is also the monthly candle low. Strong volume at the break.
-Overall strong bearish trend was observed, would want to see a top wick before entries for sell stops at the break of current and previous daily candle lows.
-Current monthly candle high has respected the previous monthly candle high and the price is now breaking its own lows.
-Current daily candle low is equal to the previous daily candle low which is also the monthly candle low. Strong volume at the break.
-Overall strong bearish trend was observed, would want to see a top wick before entries for sell stops at the break of current and previous daily candle lows.
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