EURCAD
--- I think the EURCAD gives us a good opportunity to short.
Confirmation of a several month downtrend is a break and close below 1.44457 on a weekly basis.
Staying below this level consistently provides safety towards 1.34908 target.
Such chances have to be recognized and acted upon.
--- Conversely, if there is a weekly close above 1.4694 then the downtrend will be delayed but not canceled.
If you think this idea makes sense, give it a like.
Confirmation of a several month downtrend is a break and close below 1.44457 on a weekly basis.
Staying below this level consistently provides safety towards 1.34908 target.
Such chances have to be recognized and acted upon.
--- Conversely, if there is a weekly close above 1.4694 then the downtrend will be delayed but not canceled.
If you think this idea makes sense, give it a like.
Note
Here we see a possible S-H-S formation.Once 1.42348 breaks, the short can be safely held.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.