Friday, November 2, 2012

EURCAD Channel Break EURCAD Short Trade
Pair EURCAD broke the channel on H4 timeframe. 

But price is getting bounce from 200EMA. On previous occasions  200EMA has provided support/resistance. 

Price may see a decent bounce till the channel's lower trendline and then may go south again. 

My strategy is to short the pair on any spikes towards the channel. 

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