EURCAD H4 Reversion Setup
Double-top pattern. RSI levels indicate that pair is getting overbought in the H4 chart. A reversion is a prety possible cenario. Looking for confirmation in lower time frame chart for entering short.
This is a clean setup for a double-top reversion. RSI levels (14 period) indicate a overbought cenario and EMA's(50,100,200) indicate a lower expected price. Always wait for confirmation and retest.
This is a clean setup for a double-top reversion. RSI levels (14 period) indicate a overbought cenario and EMA's(50,100,200) indicate a lower expected price. Always wait for confirmation and retest.
Note
the price reached the 1.55289 level witch was a previous high. Currently price is retesting the top level and probably we are going to see a break to the downside
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