D1 - potential bearish divergence along with resistance zone H1 - multiple false breaks + bearish divergences Expecting continuation lower once and if we get a reversal (break and close below the H1 level) confirmed by MACD as convergence.
D1 - potential yet (not completed) bearish divergence + double top H4 - bearish divergence + bearish convergence Looking for pullbacks to be sold. Invalidation - 1.9980
H4 - bearish hidden divergence H4 - expecting 5th wave to complete. H1 - bearish divergence
D1 - bearish potential divergence, key resistance level H1 - looking at the bullish structure and signs for reversal.
Hello everyone, here is the top-down analysis for EURCAD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!