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botje11
Feb 27, 2019 1:23 AM

EURCAD long term trade 

Euro Fx/Canadian DollarFXCM

Description

I have been looking at this one for quite some time now. I know the shape looks like something your not used to, but
with double bottoms, we want to see the same size in time at both ends. Which is what we are seeing here.

So the game plan, is waiting for a drop and to see if this green support on the right is THE low or not. Because there is room until the one on the left. So want to see some support there and if it turns up, i will take on the trade, for a day trade and a long term one.


Previous analysis:

Comment

So dropped, now need to see some support, bottom formation coming day or 2.

Comments
rludvik
I saw this "rocket" pattern few times in crypto, also.
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