Last week
We went in green for 40pips, however my position closed with a few pips loss after we broke the TL to the upside.
Now
we have a possible short set-up on the EUR/CAD:
- pair is trending down and over the last few weeks it has been taking a breath.
- on daily chart we can see a running double top formed at 1.377, looking for a short entry on the break of the CTL.
- On this 4H chart we can see a textbook Head and Shoulders pattern; for this one we are looking to get in on the beark of the neckline. Because of the strong support of 1.339 we might see a retest of that neckline.
A lot of confluences on this pair, with 3 entry options. Depending on when u entered, u want to take profits at 1.339 or 1.315 ( = added height of the head&shoulders ).
-
We went in green for 40pips, however my position closed with a few pips loss after we broke the TL to the upside.
Now
we have a possible short set-up on the EUR/CAD:
- pair is trending down and over the last few weeks it has been taking a breath.
- on daily chart we can see a running double top formed at 1.377, looking for a short entry on the break of the CTL.
- On this 4H chart we can see a textbook Head and Shoulders pattern; for this one we are looking to get in on the beark of the neckline. Because of the strong support of 1.339 we might see a retest of that neckline.
A lot of confluences on this pair, with 3 entry options. Depending on when u entered, u want to take profits at 1.339 or 1.315 ( = added height of the head&shoulders ).
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