News event for the day that could affect this trade

. (EUR) Non-monetary policy’s ECB meeting
. (EUR) Services PMI
. (CAD) EIA Crude Oil Stocks change


EURCAD had a strong bearish momentum last week and price is currently trading at daily role reversal area where bears could consider going short again. I'd go into smaller TF and look for selling opportunity.


On H4, price is trading above trendline. I'd eyeing somewhere between WM3-WPP as my entry zone, with profit target at WM1/WS2 respectively.

One thought on “EURCAD Daily Sell Setup – 05th Apr 2017”

  1. Firooz says:

    meaning of TF
    meaning of WM3-WPP and WM1/WS2

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