EURCAD Double top- Flag pattern
If you're familiar with chart patterns, then it should be clear to see the double top on the 1H chart and currently the price is retracing, creating a flag pattern, which allows us to enter the sell.
Look for a good entry on the smaller pullbacks and out target is around 95 pips.
Now, i've marked a third take profit, where the market might drop all the way. Personally, i would suggest to target till tp2 but for those who look at this as a potential sell, feel free to test the market and hold the trade till TP.
Leave your comments below and i would like to read your bias !!
Let's bang it
Look for a good entry on the smaller pullbacks and out target is around 95 pips.
Now, i've marked a third take profit, where the market might drop all the way. Personally, i would suggest to target till tp2 but for those who look at this as a potential sell, feel free to test the market and hold the trade till TP.
Leave your comments below and i would like to read your bias !!
Let's bang it
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.