EURCAD SHORT

On the 1 hour time frame, you could see that price is clearly in a 3 touch ascending structure. Nearing this 3rd touch, price came impulsively, however after several rejection candles showing side for reversal followed. Also, on the smaller 15 minute time frame you could see how price broke out of a corrective reversal flag that resulted from an impulsive rejection. Watch for Bears to begin coming into the market.

Follow for more Price Action setups :)