Potential Double Top on ECAD

FX:EURCAD   Euro / Canadian Dollar
48 0 2
I managed to get a good long entry @ 1.4080 on this pair. Looking for a new high to be made and ultimately a double top too in the 1.45 area before a sizeable drop into the 1.36 area. This coincides with the bearish rising wedge pattern we see on the chart which hints at lower prices in the weeks to come.

In the meantime we could see a week's worth of consolidation at this top where hopefully a couple of daily upside wicks and probably some divergence in momentum indicators should provide further validation in initiating short positions for the long ride down!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out