EURCAD - It's never too late to enter! Bearish reversal
EURCAD has been a bit volatile recently in quite a wide range. Now we have a lot of signals on multiple time frames confirming it resumes bearish. Let's have a quick checklist:
Daily:
- Bearish Slow Stoch followed by a bearish MACD cross now!
- Long body red HA candles. The question is if can make a bearish cross below Kijun Sen again, which in that case happening below the Kumo, should be considered as a strong sell signal
- haDelta and SMA3 are bearsih below zero line, HA Oscillator is bearish too.
4 Hours:
- Went through a very thick Kumo, after breaking the 100 WMA first. Now Price is trading below Kumo. This is a bearish setup, from now any spike will likely be a good sell opportunity
- DMI is bearis with increasing ADX
- haDelta crossing down again below zero + Oscillator is bearish too
p.s.:
I will put on a weekly EURCAD chart separately soon.
Daily:
- Bearish Slow Stoch followed by a bearish MACD cross now!
- Long body red HA candles. The question is if can make a bearish cross below Kijun Sen again, which in that case happening below the Kumo, should be considered as a strong sell signal
- haDelta and SMA3 are bearsih below zero line, HA Oscillator is bearish too.
4 Hours:
- Went through a very thick Kumo, after breaking the 100 WMA first. Now Price is trading below Kumo. This is a bearish setup, from now any spike will likely be a good sell opportunity
- DMI is bearis with increasing ADX
- haDelta crossing down again below zero + Oscillator is bearish too
p.s.:
I will put on a weekly EURCAD chart separately soon.
