Setup on EUR/CAD

Hello traders and welcome to today's call out. Quick update on yesterday's trade. Momentum was quick to die out with gains quickly retraced. Exited during Asian trading hours. Pairs have now completely reversed.

Current trade is EUR/CAD with the short triggered on release of Canadian retail sales which smashed expectations. However, not much follow through after hitting the first target. Looks like another one to grind out. Stop has been trailed to break even. Headed into the start of the US session on a lightweight 14 pip profit after an initial 30 pip gain.

I have included both the H4 and D1 charts highlighting the technical pattern for the basis of the trade - inverted hammers at resistance trend lines.

As always, good luck out there guys. Will catch you again, tomorrow.