EURCAD 4H Analysis, 5th July 2021
Daily Trend : Bearish
4H Trend : Bearish
EURCAD has just broke 4H strong support which hold from May. It has formed a LL and we'll wait for LH to be formed, maybe around 61.8%-78.6% fibs level, to put a short position.
We also could see EMA death cross in 4H timeframe which confirm that the momentum is now bearish
Trade Scenario 2 :
It could be a false break IF ECad break the last High and forming HH. So we could see buy opportunity if that happen
So, goodluck!
4H Trend : Bearish
EURCAD has just broke 4H strong support which hold from May. It has formed a LL and we'll wait for LH to be formed, maybe around 61.8%-78.6% fibs level, to put a short position.
We also could see EMA death cross in 4H timeframe which confirm that the momentum is now bearish
Trade Scenario 2 :
It could be a false break IF ECad break the last High and forming HH. So we could see buy opportunity if that happen
So, goodluck!
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