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AlkalineFX

EURCAD: Breakout Trap

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Euro / Dólar Canadense (FX:EURCAD)  
AlkalineFX  
FX:EURCAD   Euro / Dólar Canadense
Trend Analysis Technical Indicators Chart Patterns EURCAD eurcadshort eurcadlong eurcadanalysis eurcadsell eurcadbuy eurcadforcast
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trendanalysis indicator chartpattern eurcad eurcadshort eurcadlong eurcadanalysis eurcadsell eurcadbuy eurcadforcast
Buyers have been led to slaughter in this breakout trap! We are so close to the weekly low a breakaway from here seems unlikely.

Price is likely to collapse from here and tackle all the stop losses from people who got caught in the breakout buys trap today.

Once stops have been hunted and liquidity has been created we can swoop in with buys as illustrated.

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