EURCAD Sell Idea
W1- Price reached amazing resistance zone. We might see one more push to the upside as long as there is no trend line break.
D1 - Price bounced exactly from the zone I expected.
H4 - Bearish Hidden Divergence, two downtrend line has formed. 151.40 level should hold.
H1 - Two small double waves forming a bigger double wave. Price has reached a crucial zone. Once we get confirmations of bearish momentum in the form of false break with bearish divergence, wait for a trend line breakout and then look for sells.
Conservative approach - Follow double trend line breakout principle.
D1 - Price bounced exactly from the zone I expected.
H4 - Bearish Hidden Divergence, two downtrend line has formed. 151.40 level should hold.
H1 - Two small double waves forming a bigger double wave. Price has reached a crucial zone. Once we get confirmations of bearish momentum in the form of false break with bearish divergence, wait for a trend line breakout and then look for sells.
Conservative approach - Follow double trend line breakout principle.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.