Hi traders:
EURCAD is shaping out very nicely for a potential sell opportunity from the top of the structure.
We see a double top rejection, price is on this larger channel structure move up towards it.
Price action had a sharp move don from that double top, but quickly move back up.
What I like about the last bit of price action is that is it moving back up correctively, potentially forming that 3rd tops.
I like to see a confirmation breakout, then look for lower time frame correction to enter.
Thank you
EURCAD is shaping out very nicely for a potential sell opportunity from the top of the structure.
We see a double top rejection, price is on this larger channel structure move up towards it.
Price action had a sharp move don from that double top, but quickly move back up.
What I like about the last bit of price action is that is it moving back up correctively, potentially forming that 3rd tops.
I like to see a confirmation breakout, then look for lower time frame correction to enter.
Thank you
Note
Note
Look for completion of this structure.
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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.