EURCAD Short Trade (Update)

EURCAD Daily

I am watching this pair from past sessions and I went short at 1.2990. Details [here].

On daily charts, pair looks little bit over-brought and might be in for a retracement. Previously on many occasions, pair has failed to break the resistance area.

On hourly charts, price is consolidating in mid of the channel. I plan to add to my short positions on touch of resistance area again.