EURCAD H4 Sell Setup Identified
For this setup we have:
-Supply zone
-Trendline resistance
-Major 50.0 Fibonacci retracement
-Minor 61.8 Fibonacci retracement
-Minor 161.8 Fibonacci extension
-Bearish divergence
Based on the technical setup that has been identified it makes a strong case EURCAD weakness, another key point of confluence for this setup is that Oil has found support at a significant technical level, therefore if Oil prices continue to rise, we should expect CAD strength.
Aggressive SL: 1.47280
Conservative SL: 1.47670
TP1: 1.45790
TP2: 1.45370
TP3: 1.44920
TP4: 1.44150
Please feel free to send me a message in regards to any questions, feedback or suggestions that you may have.
Enjoy!
-Supply zone
-Trendline resistance
-Major 50.0 Fibonacci retracement
-Minor 61.8 Fibonacci retracement
-Minor 161.8 Fibonacci extension
-Bearish divergence
Based on the technical setup that has been identified it makes a strong case EURCAD weakness, another key point of confluence for this setup is that Oil has found support at a significant technical level, therefore if Oil prices continue to rise, we should expect CAD strength.
Aggressive SL: 1.47280
Conservative SL: 1.47670
TP1: 1.45790
TP2: 1.45370
TP3: 1.44920
TP4: 1.44150
Please feel free to send me a message in regards to any questions, feedback or suggestions that you may have.
Enjoy!
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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.