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MtxTrader
Feb 25, 2017 4:44 AM

EURCAD 1h Symmetrical Triangle Short

Euro Fx/Canadian DollarFXCM

Description

1H symmetrical triangle inside of a 1W symmetrical triangle - post linked.

I see this is a bearish continuation setup, but I am ready to go long as well.

On the weekly idea that I posted, linked below, price still has some room to fall before coming into contact with the support trendline (weekly chart).

With that said, It could reverse and go up, but I am biased bear because EURO has been weak and seems that it will continue to be so for the next week at least.
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