EURCAD SHORT
Intradays forming rising wedge pattern with a break of pattern and multiple 1hr pivot rejections following the 4hr close rejecting the pivot. Targeting the height of the wedge pattern to the downside. Stop-loss above the pivot, short-term trend line and 0.618 fib level
Note
price rallied through all stop-loss filters, however, you can see i did not get triggered into the trade until price came back down after forming a slightly lower low double top, respecting the long-term trend line. The short-term trend line, you could argue price is currently below if you connect the wicks of the highs.childish gambino - redbone
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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.