SHORT trade analysis on EURCAD.
Graph is looking bearish from Head & Shoulders Pattern and resistance area to strong lower support zone. I predicted 2 possible TPs, which are actually 2 support zones. There can be seen Regular Bearish Divergence for 3 straight Higher Highs, meaning potencial price reversal. Bearish Engulfing Candle indicates sell on chart too. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Graph is looking bearish from Head & Shoulders Pattern and resistance area to strong lower support zone. I predicted 2 possible TPs, which are actually 2 support zones. There can be seen Regular Bearish Divergence for 3 straight Higher Highs, meaning potencial price reversal. Bearish Engulfing Candle indicates sell on chart too. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
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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.