VladimirRibakov

EURCAD Short Term Sell Idea

Short
OANDA:EURCAD   Euro / Canadian Dollar
H4 - Lower lows.

Currently it looks like a correction is happening.

Bearish hidden divergence.

H1 - Bearish trend pattern.

Currently it looks like a correction is happening.

Bearish divergence.

Until the two strong resistance zone holds my short term view remains bearish here.

A valid breakout below the most recent uptrend line would be the validation for this bearish view.

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.