EURCAD Sell Idea
W1- Price reached amazing resistance zone. We might see one more push to the upside as long as there is no trend line break.
D1 - Price bounced exactly from the zone I expected.
H4 - Bearish Hidden Divergence, two downtrend line has formed. 151.40 level should hold.
H1 - Two small double waves forming a bigger double wave. Price has reached a crucial zone. Once we get confirmations of bearish momentum in the form of false break with bearish divergence, wait for a trend line breakout and then look for sells.
Conservative approach - Follow double trend line breakout principle.
D1 - Price bounced exactly from the zone I expected.
H4 - Bearish Hidden Divergence, two downtrend line has formed. 151.40 level should hold.
H1 - Two small double waves forming a bigger double wave. Price has reached a crucial zone. Once we get confirmations of bearish momentum in the form of false break with bearish divergence, wait for a trend line breakout and then look for sells.
Conservative approach - Follow double trend line breakout principle.
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