Short EURCAD Short Term Based On H1 TF Double Top Chart Pattern

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We can see the EURCAD has now formed a double top. For this chart pattern to be valid, price should break the neckline to validate the double top, pushing price further down.

This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.

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ملاحظة

Correction: It is not a double top as price was not at a peak level, my apologies for the error. However, it is a very strong resistance level and price is being rejected.

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أغلقت الصفقة: تم الوصول لوقف الخسارة

Banked 100 pip profit from first position, moved second position to break-even and got stopped out.