EURCAD : Bearishness Evolves
In my previous analysis(see link below) for the pair I was looking for a new bearish wave of the resistance zone market above, indeed the price successfully retested and resumed the bearish wave, evolving to a bearish head and shoulders top pattern, and completed the pattern by breaking below the upwards slopping trend line. Accordingly, upside pullbacks remain shorting opportunities, with a stop just above the right shoulder.
Price is trading below my first target for the previous analysis, and am looking for extended targets now following the breakout. Full target of the pattern is around 1.4500.
Good Luck, Join me @
twitter.com/thefxchannel
Price is trading below my first target for the previous analysis, and am looking for extended targets now following the breakout. Full target of the pattern is around 1.4500.
Good Luck, Join me @
twitter.com/thefxchannel
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