歐元 / 加元
看空

Nice sell opportunity EUR/CAD with fractal confirmation

379
EUR/CAD looks like it is forming a real nice sell opportunity on 2 time frames.
The main chart is the 4 hour. Here there is a 5 wave impulse (wave 1) with a complex WXY correction (wave 2)

Wave 2 retraced 50% of wave 1
Wave Y = 78.6 % of wave W

In addition we can see that the RSI has held the 60-70 bear resistance indicating that the move up is a pull back.

Using reverse fibonacci I have targets of 1.4395 and 1.4274

In addition there is confirmation of this on the 15 minute chart below
快照

Here we can see another 5 wave impulse but this time with an ABC correction.
Again the RSI bear resistance has been held and there is clear divergence between waves A and C
We can also see that this looks to be forming a head and shoulders formation.

Selling a break of the trend line here allows for better risk reward.

Please like and follow if you agree with the idea.

免責聲明

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。