EURCAD - Curved Bottom

2019年7月31日

EURCAD has come down recently, and now formed a consolidation pattern that looks like a curved bottom. It just touched the bottom of this curve again, so that seems like a decent position to open a long position. Any move that closes significantly below the curve invalidates the setup.

2019年8月2日

註釋

So far, so good. It bounced from the bottom of the cup. The first target would be resistance line formed by the previous highs. From there it might rebounce down or break through.

2019年8月5日

註釋

Well, this worked out nicely. Should anybody have followed my idea, taking some profit here is recommended!