Euro / Dolar KanadaPanjang
EURCAD sharp fakeout + broken channel
#EURCAD:
(1D):
The price here has been consolidating in a massive sideways formation for quite some time. Last week, a fakeout occurred, trying to break the 200 EMA as well but failed, drastically changing direction within the next day. Bearish structure was also broken, confirming the potential move to the upside, making our bias bullish.
(4H):
Zooming in, a clear bearish channel is presented, already broken, thus confirming a new HH. What we need to see now is a retracement back to our zone of interest, where we would look for a rejection for a final confirmation to the upside.
(1D):
The price here has been consolidating in a massive sideways formation for quite some time. Last week, a fakeout occurred, trying to break the 200 EMA as well but failed, drastically changing direction within the next day. Bearish structure was also broken, confirming the potential move to the upside, making our bias bullish.
(4H):
Zooming in, a clear bearish channel is presented, already broken, thus confirming a new HH. What we need to see now is a retracement back to our zone of interest, where we would look for a rejection for a final confirmation to the upside.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.