EURCAD: Your Trading Plan
EURCAD is currently at a critical horizontal level and has formed a double top pattern on the 4-hour chart.
To consider shorting the pair, traders should wait for a bearish breakout below the neckline of the pattern. Confirmation of this breakout would be a 4-hour candle closing below the key level of 1.5103.
If this occurs, a bearish continuation towards 1.5063 levels can be expected.
To consider shorting the pair, traders should wait for a bearish breakout below the neckline of the pattern. Confirmation of this breakout would be a 4-hour candle closing below the key level of 1.5103.
If this occurs, a bearish continuation towards 1.5063 levels can be expected.
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