EURCAD H1 Analysis

11 авг. 2020 г.

The EURCAD chart has created a massive head and shoulders pattern, which indicates a major trend reversal. Now that the price has broken the neckline, it is a matter of time till we see some drastic downside movement. Hence, the trade would be executed as follows:
EURCAD
SELL: 1.56600
SL: 1.57100
TP1: 1.55850
TP2: 1.55100