EURCAD LONG
Updated
Price broke an H4 downward treadline, before retesting.
H&S pattern can be seen on the lower timeframes.
Retest of previous resistance can see price continue bullish.
There is a hint of bearish sentiment as On higher TF
as daily & 12 HR candle closure seems favouring the downside.
Also noting it is a bearish trend on Daily.
H&S pattern can be seen on the lower timeframes.
Retest of previous resistance can see price continue bullish.
There is a hint of bearish sentiment as On higher TF
as daily & 12 HR candle closure seems favouring the downside.
Also noting it is a bearish trend on Daily.
Note
As noted above, bearish sentiments on the higher TF and 50 EMA Rejection of 8HR.
Shorted. Stop not hit.
Trade closed manually
Lesson? Keep in alignment with HT Analysis.
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