--- I think the EURCAD gives us a good opportunity to short.
Confirmation of a several month downtrend is a break and close below 1.44457 on a weekly basis.
Staying below this level consistently provides safety towards 1.34908 target.
Such chances have to be recognized and acted upon.
--- Conversely, if there is a weekly close above 1.4694 then the downtrend will be delayed but not canceled.
If you think this idea makes sense, give it a like.
Confirmation of a several month downtrend is a break and close below 1.44457 on a weekly basis.
Staying below this level consistently provides safety towards 1.34908 target.
Such chances have to be recognized and acted upon.
--- Conversely, if there is a weekly close above 1.4694 then the downtrend will be delayed but not canceled.
If you think this idea makes sense, give it a like.
Once 1.42348 breaks, the short can be safely held.