EURCAD - Curved Bottom

31 Tem 2019

EURCAD has come down recently, and now formed a consolidation pattern that looks like a curved bottom. It just touched the bottom of this curve again, so that seems like a decent position to open a long position. Any move that closes significantly below the curve invalidates the setup.

2 Ağu 2019

Not

So far, so good. It bounced from the bottom of the cup. The first target would be resistance line formed by the previous highs. From there it might rebounce down or break through.

5 Ağu 2019

Not

Well, this worked out nicely. Should anybody have followed my idea, taking some profit here is recommended!