I posted on Tuesday that “I would be looking for a +260 pip move” down on EURCAD from the live price .

 

The techs didn’t let me down and the move lower over the last 3 days stopped bang on the money.at 1.5600 . Link to Tuesdays post here .

We could see a bounce from these levels, yet I cant see any reason to buy. I’ve set out some markers on the chart below that I will be watching closely to add to my core short position……………… Congratulations if you were along for the ride on this one and keep your shorting hat on as I feel there is much more selling pressure to come .

 

 

EURCAD-H4

 

 

Original chart entry below

 

 

EURCAD-H4

Horatio Dubsly

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

Pin It on Pinterest