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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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.