We can see the EURCAD has now formed a double top. For this chart pattern to be valid, price should break the neckline to validate the double top, pushing price further down.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
Nota
Correction: It is not a double top as price was not at a peak level, my apologies for the error. However, it is a very strong resistance level and price is being rejected.
Trade fechado: stop atingido
Banked 100 pip profit from first position, moved second position to break-even and got stopped out.
For my signal & fully automated copy-trading services, get in touch @ t.me/Ajaz_Elahi
Disclaimer: I do not take all of the trades I publish.
Também em:
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.