VladimirRibakov

EURCAD Sell Idea

Short
FX:EURCAD   Euro / Canadian Dollar
D1 - Price has reached the top of the triangle pattern, if we didn’t get a valid breakout here we may then expect the price to respect this pattern and move lower again.

H1 - Price has currently reached a critical zone, bearish divergence.

We also have a good uptrend line that has formed, hence if the price moves lower and breaks below this trend line we may then start looking for sells with more bearish evidences.

Comment:
Update: Setup invalidated.

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