VasilyTrader

EURCAD: Multi Time Frame Analysis & Plan for US Session

Short
FX:EURCAD   Euro / Canadian Dollar

EURCAD reached a strong resistance line of a falling wedge pattern on 4H.
the price has been rejected from its boundary, confirming its significance.

to catch a bearish move, wait for a bearish violation of a bullish flag pattern on 1H.
it will be the perfect confirmation to initiate selling.

target level - 1.55

stop will be above the last high within the flag.

(in case of a bullish continuation above the yellow resistance area, setup will be invalid)


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