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EURCAD Trade setup for 10th March, 2014

by Unknown

EURCAD Trade setup for 10th March, 2014

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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





Posted by Unknown at 6:36 AM
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