EURCAD sharp fakeout + broken channel
#EURCAD:
(1D):
The price here has been consolidating in a massive sideways formation for quite some time. Last week, a fakeout occurred, trying to break the 200 EMA as well but failed, drastically changing direction within the next day. Bearish structure was also broken, confirming the potential move to the upside, making our bias bullish.
(4H):
Zooming in, a clear bearish channel is presented, already broken, thus confirming a new HH. What we need to see now is a retracement back to our zone of interest, where we would look for a rejection for a final confirmation to the upside.
(1D):
The price here has been consolidating in a massive sideways formation for quite some time. Last week, a fakeout occurred, trying to break the 200 EMA as well but failed, drastically changing direction within the next day. Bearish structure was also broken, confirming the potential move to the upside, making our bias bullish.
(4H):
Zooming in, a clear bearish channel is presented, already broken, thus confirming a new HH. What we need to see now is a retracement back to our zone of interest, where we would look for a rejection for a final confirmation to the upside.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.