EURCAD
We can see that in the 6h period a descending triangular pattern has formed.
In a period of 1h a shoulder-head-shoulder pattern is being formed.
In the 1D period on October 11, a cup and handle pattern was forming. The analysis that I did was 100% fulfilled, so we would have to be careful when operating this pair in low terms, since in 1D times it is just forming the cup and handle pattern.
To go short in this pair, we would wait for it to touch the resistance of the descending triangular pattern (trend line), and we would wait for confirmation in 1D temporalities to enter short (sell)
We can see that in the 6h period a descending triangular pattern has formed.
In a period of 1h a shoulder-head-shoulder pattern is being formed.
In the 1D period on October 11, a cup and handle pattern was forming. The analysis that I did was 100% fulfilled, so we would have to be careful when operating this pair in low terms, since in 1D times it is just forming the cup and handle pattern.
To go short in this pair, we would wait for it to touch the resistance of the descending triangular pattern (trend line), and we would wait for confirmation in 1D temporalities to enter short (sell)
