Greetings traders!
I will be entering short on EUR/CAD as the price decelerated and rejected the 50 EMA, 0.5 Fibonacci level and MACD divergence in place as well. This looks like the first pullback of the trend started on 10/10, breaking out violently from the ascending wedge, suggesting a continuation of the major trend that started at the beginning of 2016.
Hope you liked the idea, thank you for your attention. Happy trading!
I will be entering short on EUR/CAD as the price decelerated and rejected the 50 EMA, 0.5 Fibonacci level and MACD divergence in place as well. This looks like the first pullback of the trend started on 10/10, breaking out violently from the ascending wedge, suggesting a continuation of the major trend that started at the beginning of 2016.
Hope you liked the idea, thank you for your attention. Happy trading!
