trading plan for euro cad: bearish flag and structure Long

Euro Fx/Canadian DollarFXCM

Description

⋅ Apr 8, 2019 8:12 AM

hey traders,

on euro cad the market is approaching a significant resistance level.
we see a very nice rejection candle, indicating a strong bearish pressure around this zone.

you plan for euro cad is to wait and sell bearish breakout of a bearish flag pattern.

good luck!

Comment

⋅ Apr 8, 2019 2:10 PM

test of resistance and formation of double top

Comment

⋅ Apr 8, 2019 2:44 PM

rejection of resistance

Comment

⋅ Apr 8, 2019 5:38 PM

breakout

Comments

AidanMDang

⋅ Apr 8, 2019 10:50 AM

VasilyTrader

⋅ Apr 8, 2019 10:54 AM

@AidanMDang, ok!

AidanMDang

⋅ Apr 8, 2019 10:54 AM

@VasilyPonomarev, just something to consider! but I see the bear flag + structure as well

VasilyTrader

⋅ Apr 8, 2019 10:55 AM

@AidanMDang, no contradiction. we trade the flag only after breakout. but the market can just continue upwards inside the channel