EURCAD short trade on 27/10/22
- Trade based on retest of daily timeframe resistance and indication of ultra high volume.
- Resistance on daily time frame
- Ultra high volume on wide spread bar closing in the middle, this shows sign of weakness.
-VSA chart
- Entry
- Entry time 8:25pm
- This trade also in the effect of news event, EUR refinancing rate which was released on 8:15pm.
- 10 minutes after news release, price shown clear direction of the market as the background indicate weakness.