e-Ventual 2/618 // IF=THEN ®
USDCADWith a genuine double top confirmed @1.3416, the neck @1.2831 and the 61.8% retracement @1.311, this is one eventual sell setup that can sink
USDCAD below monthly support, sometimes the 227% extension ;). 2618 - double top/bottom followed by a 61.6% retracement, sell the retracement , target an extension synced with previous structure.
First target, one ABCD pattern at 141% extension around 1.222$, the second not to far, the monthly support MN1 @1.19201.
(check "Double Top definition & 2618 trade setup ®" - link below)
Safe trades;
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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