EURCAD Short Setup
Trend: Long term bullish
Structure: Head and shoulders / Support and resistance.
Plan: This is similar to my previous CADJPY idea by that it is slightly similar to a head and shoulders pattern, but can also be interpreted as a support and resistance play.
We look for price to bounce off of the upper resistance level and move to previous low.
MACD confirmed short and use good MM.
Structure: Head and shoulders / Support and resistance.
Plan: This is similar to my previous CADJPY idea by that it is slightly similar to a head and shoulders pattern, but can also be interpreted as a support and resistance play.
We look for price to bounce off of the upper resistance level and move to previous low.
MACD confirmed short and use good MM.
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.