EUR/CAD POTENTIAL SHORT|MULTI-TIMEFARME ANALYSIS

2020年5月30日

The pair was trading under the major resistance structure for the entire month of May.

It can be seen that the attempt of the breakout was rejected firmly.

Now, looking at a 1H chart, we see a small support level. If there is a confirmed breakout, i.e. 1H candle closes below the level, then wait for a pullback and short from there with the limit order.

If there is no breakout, of it is unconfirmed, the setup is invalid.

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2020年5月31日

註釋

It might play out as a head and shoulders pattern, too! Should that be the case, it adds to the arguments in favor of the short!

2020年6月1日

註釋

Target reached!