EURCAD Can we get a continuation structure to sell

1 Ağu 2020

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

1 Ağu 2020

Not

3 Ağu 2020

Not

Correction developing.

9 Ağu 2020

Not

Look for breakout from this correction

12 Ağu 2020

Not

Price broke out, look for more correction to sell.