FullTimeTrader

EURCAD-big double top and bearish shark

Short
FX_IDC:EURCAD   Euro / Dollar Canadien
6
Just like the EURUSD i think the bullish party for this pair is over.
Looking at monthly chart we see a big double top with strong bearish divergence:

On w1 chart we have a perfect bearish shark already complete.

Here on D1 chart:

- Channel duplication acting as resistance.
- RSI extremely overbought
- strong psycholevel 1.500 could not be taken

Use your own strategy to look for shorts.

Regards.

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