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VasilyTrader
Feb 24, 2021 6:02 AM

EURCAD: Waiting For Important Decision Short

OANDA:EURCAD240
EUR/CADOANDA

Description

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Hey traders,

Our yesterday's trade on EURCAD played nicely.
Now the price is retesting a local structure low 1.526.

In case of its bearish breakout of that (at least 4H candle close below),
we will expect a bearish trend continuation.

Next goal will be 1.52

Remember, that in case of a bullish breakout of a falling trend line, setup will be invalid.
Trend AnalysisTriangleWave AnalysisForexfxtradertradeCurrenciesswingswingtrading
Comments
VasilyTrader
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So we are waiting again for a breakout, traders!
lmulhare
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@VasilyPonomarev, Thanks Vasily :)
VasilyTrader
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@lmulhare, you are welcome bro 😊
lmulhare
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@VasilyPonomarev, Now that the 4H has closed below, will you place a sell order at 1.5264?
TheSignalyst
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well done Vasily :D
VasilyTrader
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@TheSignalyst, thank you buddy 🙏
KABHI_FOREX_TRADING
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Good Chance to Sell more..
DeGRAM
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Clear pattern.

Is it possible that the price will break the line right away without another rise to resistance?
VasilyTrader
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@DeGRAM good question bro
Possible as well
Everything can happen
You know that
Lingrid
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German GDP will be published, and the quarterly dynamics of percent of GDP shows the growth rate of the economy as a whole
can change your schedule?)
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