In H4 timeframe, we see a lot chartist in formation, but the most chartist in the bearish rising wedge. Also, we have formed a bullish channel or simetric triangle too both, Now, in Daily is the key:
3 days ago, EUR/CAD show a bearish, and yesterday the green candlestick grew by 50% of the big red candlestick, and then, we could see another short opportunity to find down 247 pips. Because we see a Shoulder Head Shoulder bearish pattern and we could see for the eyes this opportunity to take in notice it.
Now, in H4 timeframe we see a nice shoulde head shoulder. Also as theory, let's me explain these 6 blue arrow. These blue arrow are forming a strog resistance and we could see in H4 timeframe a drop!!!
So, I'm still alert on this par because for the next week, we see a possible nice opportunity in Forex!!!
If you like this, give me a like and share it with your friends or traders.
Not put any short or long position in this par until this par leave in this strong resistance at $1.5656 CAD, it's my psycological point to take my decision, my own decision is short becuase we see a strong resistance, I reccomend for you to put an alart approximately at $1.5638 CAD, and then, when the price leave at this price, I am still pending of possible short position at $1.5656, this is an alert to know it!!!.
3 days ago, EUR/CAD show a bearish, and yesterday the green candlestick grew by 50% of the big red candlestick, and then, we could see another short opportunity to find down 247 pips. Because we see a Shoulder Head Shoulder bearish pattern and we could see for the eyes this opportunity to take in notice it.
Now, in H4 timeframe we see a nice shoulde head shoulder. Also as theory, let's me explain these 6 blue arrow. These blue arrow are forming a strog resistance and we could see in H4 timeframe a drop!!!
So, I'm still alert on this par because for the next week, we see a possible nice opportunity in Forex!!!
If you like this, give me a like and share it with your friends or traders.
Not put any short or long position in this par until this par leave in this strong resistance at $1.5656 CAD, it's my psycological point to take my decision, my own decision is short becuase we see a strong resistance, I reccomend for you to put an alart approximately at $1.5638 CAD, and then, when the price leave at this price, I am still pending of possible short position at $1.5656, this is an alert to know it!!!.