EURCAD Trade setup for 10th March, 2014
I took a short in the Asian session while coming across this Chart. I took a short on the H1 chart with a bearish engulfing from the 61.8 retrace with overlapping Pivot levels (explained below)
Cheers
Daily Chart
Hourly Chart
- Stochs diverging on the h4 as we hit the 61.8 and rejected
- Confluence of weekly and monthly R1 Pivot
- 127.20 ext of February trading range
Shorting the EURCAD
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