Short EURCAD Short Term Based On H1 TF Double Top Chart Pattern

Sep 12, 2017We can see the EURCAD has now formed a double top. For this chart pattern to be valid, price should break the neckline to validate the double top, pushing price further down.

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Sep 12, 2017

Comment

Correction: It is not a double top as price was not at a peak level, my apologies for the error. However, it is a very strong resistance level and price is being rejected.

Sep 15, 2017

Trade closed: stop reached

Banked 100 pip profit from first position, moved second position to break-even and got stopped out.