Shorting the EURCAD, price within Weekly supply range.

Price has reached a weekly supply level.
Break of trendline indicates loss of momentum, sell orders are filling in.
Short limit order placed.

Will keep this post updated.

Kommentar:

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Trade ist aktiv:

Limit order triggered. I''ve boarded the train.

Kommentar:

Price action to be forming inside day candle/piercing pattern for the past 4 days. This indicates an equilibrium of supply and demand. Lets see who causes the imbalance first.

Trade geschlossen: Stop wurde erreicht:

Price went higher after the pennant broke. Turns out wk supply had too much wick.