EUR/CAD: ABCD bearish pattern formation

Euro/Canadian Dollar forming an ABCD bearish pattern and made a key break out that we could to short Euro in front of Canadian Dollar too. Alo, there're a lot way that we can to short, because we forming a bearish rising wedge too with the price action indicating sell inminent.

This it's the H4 timeframe and we see an ABCD bearish pattern with all Fibonacci measure what I calculate it.

You can to put a sell order limit to $1.3697 CAD and SL to $1.3737 CAD (37 pips) and target to $1.3598 CAD (101 pips). This it's a risk/benefit 1:2.

Good luck!!!

Ordre annulé:

I will cancel this idea because I see the same in the another correlation EURCAD. So, Euro will up in fronnt of Australian Dollar and Canadian Dollar and I check out in H1 that it's look with the following way:

Euro could to make a manipulation zone in that point to up. im in long now surely what Euro do in front of Australian Dollar and Canadian Dollar. You can to buy now and SL to 1.3642 CAD and target to $1.3800

Commentaire:

I change for long now in EURCAD and EURAUD both