As we approach the end of the trading week EURCAD may provide a short opportunity. On one hand 1.401 support has been tested several times so we could in fact be witnessing a bottom pattern in the making. On the other hand if this level does break, we can expect more downside and would also confirm a Head and Shoulders Top during a downtrend from the March 2014 highs. If you are to trade the H&S downside break then we can either set up a sell-stop below the neckline with a stop above in a 'set and forget' fashion. There may however also be an opportunity to trade on D1 before getting to the neckline. Yesterday ... (full story)