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My Euro/Cad Analysis

In this trade I placed a Sell (Short) on Euro/Cad (Euro against the Canadian Dollar) See below how it played out :)

EURO/CAD Prediction

As we can see here price was creating lower highs but still respecting the support level. My bias was for price to come back up-to the previous high before coming back down to the already much respected Support Level. I did however believe price would touch of this level and move back up after touching the head of the arrow.

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EURO/CAD Outcome

This Trade played out perfectly with our analysis being respected and price coming back down to the support level after touching the previous high like I forecast it to do.

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