As commonly known to most, the letter "W" is seen often. Whether this be in reading, or in forex, it's very easy to catch. As we see here on the 4h timeframe, EURCAD has just formed an over-extended W formation; meaning that it went down, then up, then down, then up again.
Often, after this pattern is formed, the currency moves to the downside. I have strong feeling that EURCAD is done moving for now and will make a move downwards also due to my other strategies (which I will not explain much upon) . Use your own due dill if you decide to enter a position. Please remember I am not a financial advisor and this is just my opinion.
Often, after this pattern is formed, the currency moves to the downside. I have strong feeling that EURCAD is done moving for now and will make a move downwards also due to my other strategies (which I will not explain much upon) . Use your own due dill if you decide to enter a position. Please remember I am not a financial advisor and this is just my opinion.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。