Posted by EURCAD possible short based on momentum and overbought by DavidFXMarkets on TradingView.com
Taking into account the current Price Action, momentum and overbought, there is a high probability of price drop, and the risk:reward ratio is at the level of at least 1:2 and more, depending on the method of entry and target. Definitely an interesting option for short positions.
Remember to invest consicously, pay attention and be aware all the time, have a good Risk:Reward ratio, control your feelings and emotions!