EURCAD
Time frame: D1
Technical Analysis: The price reaches upper band of the down trend channel formed on 25.06.2018, as same as resistance of 50% Fibo retracement from same downtrend movement at price 1.5172. Firs signal for positioning short is from "engulfing" candle formed on 21.11.2018.
Indicators: The price reaches 200-MA which supports bear scenario
DeM(14): The price has formed the so-called "convergence" with the indicator, which further gives directional assurance
Вход: Aggressive enter is at 1.5095. The more conservative enter is at 50% retracement from the "engulfing" candle.
SL: 1.5180
Alternative scenario: If the price close above 1.5172 probably we will see changes of price trends in pair EURCAD.
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