- Candle is above MA20-50, and still below MA200
- Candle holds below the daily resistance (price of 1.5250) and below the bearish trendline (yellow line)
- There is a bullish candle that is big enough in the past week to make a slight erratic movement
- It is better to wait for a trigger from the candlestick pattern for sell entry, but the reflection in the bearish trendline can be one of the trigger entries
- Potential Risk: Reward = 1: 3, so it is suitable for entry into watchlist
- TP1 is priced at 1.5020, if the price reaches TP1 do trailing, with TP2 target at 1.4760
https://id.tradingview.com/chart/EURCAD