jojofang0901

EURCAD Can we get a continuation structure to sell

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jojofang0901 Uppdaterad   
OANDA:EURCAD   Euro / Kanadensisk dollar

Hello everyone:

EURCAD is looking very good for more continuation sell opportunities.

On the higher time frame, price approached a double tops, moving up correctively in this ascending channel structure.

We then see a strong bearish sell momentum, now the price is sitting near the bottom of the channel now.

I like to see more confirmation from the market, either a correction within the channel to go down, or a breakout followed by a small correction to go lower.

Thank you
Kommentera:
Kommentera:
Correction developing.
Kommentera:
Look for breakout from this correction
Kommentera:
Price broke out, look for more correction to sell.

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