EURCAD - Short momentum

27 Tem 2017

Following the rate hike, the CAD has a tailwind and is moving like clockwork inside a descending channel (use the daily time frame to identify this). I have multiple entries trading on the interest rate hike momentum and there is another promising entry developing inside the bearish flag. There is long term bearish momentum here, so use a wide stop and you'll be fine if price breaks above the flag.

Disclaimer: This is not financial advice but my own opinion. Trade your own plan.

Green trades!