Hello traders, here we are again looking at EURCAD with a nice sell opportunity. on the 4hr time frame, there is a clean descending channel with some false breakout but with that, the chart is neat and clear about the market direction...
currently, there is a head and shoulder pattern formed, with breakout and a retest of the 0.5/0.618 retracement levels just as i have clearly indicated on the chart.
This is a clear SHORT opportunity with stop loss above the retracement zone...
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currently, there is a head and shoulder pattern formed, with breakout and a retest of the 0.5/0.618 retracement levels just as i have clearly indicated on the chart.
This is a clear SHORT opportunity with stop loss above the retracement zone...
For more free professional and simple analysis, please like, comment, share and follow.
Thank you and see you in our next analysis