Hello everyone:
EURCAD is looking very good for more continuation sell opportunities.
On the higher time frame, price approached a double tops, moving up correctively in this ascending channel structure.
We then see a strong bearish sell momentum, now the price is sitting near the bottom of the channel now.
I like to see more confirmation from the market, either a correction within the channel to go down, or a breakout followed by a small correction to go lower.
Thank you
Note
Note
Correction developing.Note
Look for breakout from this correctionNote
Price broke out, look for more correction to sell.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.