EURCAD – FOLLOW UP

I posted a trade idea on this pair on 11 Dec and it fell with about 155p soon thereafter and only re-tested the resistance last week from where it bounced up. Friday ended with a shooting star on the Daily chart and the stochastic pointing down. However, the Weekly is oversold. If the market takes out the top of the shooting star, it would negate my bearishness for the short-term and until then I will continue looking for selling opportunities.

EURCAD - Daily chart (follow up)

Source: Maryna

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