EURCAD DOUBLE TOP END OF BULLISH TREND ?
Updated
Long Term FORECAST (TREND)
1) HTF structure shows that price making a double top pattern which could show that end of bullish trend on HTF
2) For LTF structure price show a heavy bearish candle after forming double top pattern
3) Price could change for Bearish trend on HTF after retest neck of double top pattern
SHORT TERM FORECAST
1) on LTF, price has made an inducement trap (1.46344) to retest double top pattern neckline
2) Im waiting for buy position below inducement trap for double top neckline retest
3) NEWS CAD on 16/5 may confluence this trade
HAPPY TRADING AND STAY PROFIT ;)
1) HTF structure shows that price making a double top pattern which could show that end of bullish trend on HTF
2) For LTF structure price show a heavy bearish candle after forming double top pattern
3) Price could change for Bearish trend on HTF after retest neck of double top pattern
SHORT TERM FORECAST
1) on LTF, price has made an inducement trap (1.46344) to retest double top pattern neckline
2) Im waiting for buy position below inducement trap for double top neckline retest
3) NEWS CAD on 16/5 may confluence this trade
HAPPY TRADING AND STAY PROFIT ;)
Trade active
1) Instant buy on liquidity grab zone (Shadow Entry) (Agressive Trade with 20pips SL)2) Buy after H1 Close candle and set SL Below Shadow (Safe Entry)
3) buy after structure formed CHOCH on m15 TF ( More confomation buy Bigger SL)
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.