$EURCAD 9/29
Overall market trend: Bearish
- Confluence of trendline, H4 resistance, and 38.2 Fib showing possible bearish setup
- Price will either
1) Break through confluence and head to extension 61.8
2) Confirm formation of moolah with candlestick pattern
3) Just consolidate
We play the waiting game now
- Confluence of trendline, H4 resistance, and 38.2 Fib showing possible bearish setup
- Price will either
1) Break through confluence and head to extension 61.8
2) Confirm formation of moolah with candlestick pattern
3) Just consolidate
We play the waiting game now
Note
Cons is: 1) RSI is showing convergence to the upside
2) ADX below required levels
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