EURCAD SHORT

26 Apr 2017

Intradays forming rising wedge pattern with a break of pattern and multiple 1hr pivot rejections following the 4hr close rejecting the pivot. Targeting the height of the wedge pattern to the downside. Stop-loss above the pivot, short-term trend line and 0.618 fib level

27 Apr 2017

Nota

price rallied through all stop-loss filters, however, you can see i did not get triggered into the trade until price came back down after forming a slightly lower low double top, respecting the long-term trend line. The short-term trend line, you could argue price is currently below if you connect the wicks of the highs.

childish gambino - redbone