Евро / Канадский доллар
Короткая

Why I'm selling EURCAD

48
Hello Trades!!! I've been watching EURCAD for a while after missing the breakout of the head and shoulders I was waiting patiently for a continuation set up
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As you can see this is a valid head and shoulders followed by a breakout.
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Not so long after the breakout the market started to create a triangle pattern ( I believe a triangle is a neutral pattern but with the circumstances we are facing this might be a continuation)
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Another thing that sparked my interest on this trade is this Pivot which is in the right spot considering that I want to short this position( Generally you want to go short when the market is below the pivot) This pivot can be used to put our stop loss
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As you can see here putting our SL behind the pivot and our TP at the nearest resistance gives us a RRR of 2.5 Which is what I usually aim for
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Looking at these 2 highs we can see a wonderful divergence showing us that more and more buyers are closing their positions.

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