EURCAD 4H Analysis, 5th July 2021
Daily Trend : Bearish
4H Trend : Bearish
EURCAD has just broke 4H strong support which hold from May. It has formed a LL and we'll wait for LH to be formed, maybe around 61.8%-78.6% fibs level, to put a short position.
We also could see EMA death cross in 4H timeframe which confirm that the momentum is now bearish
Trade Scenario 2 :
It could be a false break IF ECad break the last High and forming HH. So we could see buy opportunity if that happen
So, goodluck!
4H Trend : Bearish
EURCAD has just broke 4H strong support which hold from May. It has formed a LL and we'll wait for LH to be formed, maybe around 61.8%-78.6% fibs level, to put a short position.
We also could see EMA death cross in 4H timeframe which confirm that the momentum is now bearish
Trade Scenario 2 :
It could be a false break IF ECad break the last High and forming HH. So we could see buy opportunity if that happen
So, goodluck!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.