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Broken

Shorting EURCAD at important level and "Broken fang"The EURCAD has multiple times hit the important level of 1.463 (purple box) but has now finally broken through it. We look to short it when it retests this level as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. Our stops go above the resistance box and I'm hoping to catch a 1:3 on this one as price should come back down to at least 1.447. Moving my stops to breakeven when price hits 2/3 of profit. We can also see that we are currently in a downtrend (Lower highs and lows indicated by the blue lines). Good luck everyone and as usual, hold your thumbs!
Short
by TheSupportResistanceTrader
Not broken YET!Despite what many think, long term support and resistance trend lines have been perfectly symmetric and not broken. So, there is no reason to panic. The trend lines showed are cloned. They have the same angle and the price has respected the trend without any false alarms. However, for investing, I don't think it's an appropriate moment to trade, as it might can make a retracement, or continue the rally as for the moment. Better watch when it's near the trend lines. Even though it hasn't broken yet, I also consider the idea that it might crash at any moment in the near future. Time will tell, but better confirm it securely with the trend.
FX:SPX500Long
by Wolf