EURCAD down
It seems to be approaching a Weekly high. Its in down trend. Look for consolidation on hourly and then a break of structure - lower low. Best to be observing on 15min/hourly. Then look out for reversal pattern formation. Look out for pins and engulfing around 8 pm or 7 am. Don't enter on first engulfment. A stop order can be set on the high aiming for one bar stop.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.