EURCAD H1 OVERVIEW
Price created a bearish head and shoulders formation, volume in bearish candles is higher as confirmed from breakout of OBV indicator.
50-sma cap the price, there is a high chance that price reverses trend and touch take profit.
Use money management.
Risk 1% of your capital for this trade
Price created a bearish head and shoulders formation, volume in bearish candles is higher as confirmed from breakout of OBV indicator.
50-sma cap the price, there is a high chance that price reverses trend and touch take profit.
Use money management.
Risk 1% of your capital for this trade
It is better to reduce risk because eurcad is having a sideways market now and has not had a strong bearish reaction as expected.