EURCAD - Sell Opportunity - Bollinger Band Breakout
Updated
EURCAD has successfully broken through and closed below the lower Bollinger Band. RSI was recently very overbought. Price failed to create new highs and closed strongly through the middle Bollinger Band closing below the lower Bollinger Band. I expect price to re-test previous lows. Daily TF POV is linked to this idea.
Comment
Moving averages have also very recently crossed confirming this trade setup. Confluence trades only.Trade active
Related publications
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.