EURCAD, 4hr tf, inverted shouders head pattern
Right now we could see EURCAD making an inverted shoulders head pattern on 4hr time frame.
Price also broke through the neckline and right now i see a retest of this neckline. There is also a structural area around it where it acted as resistance before.
Buy position can be taken at this retest for a potential upside.
Buy EURCAD 1.5340
Stop loss 1.5260
Take profit 1 @1.5420
Take profit 2 @1.5500
good luck
Price also broke through the neckline and right now i see a retest of this neckline. There is also a structural area around it where it acted as resistance before.
Buy position can be taken at this retest for a potential upside.
Buy EURCAD 1.5340
Stop loss 1.5260
Take profit 1 @1.5420
Take profit 2 @1.5500
good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.