EURCAD is undergoing a consolidation phase.
Technical alignment:
- Advance Bat pattern (XABCD) at Fib ratio of 0.88
- Fib extension AB 1.6 confluences with Bat Pattern
- Potential short area confluence with previous structure level.
Looking for another 2 more shorting opportunities in the lower time frame, such as:
- RSI oversold and divergence, and
- Candlestick short signal, or
- Double Top pattern
Disclaimer: Trade at your own risk. It is only my humble opinion. This is not a trade recommendation.
Technical alignment:
- Advance Bat pattern (XABCD) at Fib ratio of 0.88
- Fib extension AB 1.6 confluences with Bat Pattern
- Potential short area confluence with previous structure level.
Looking for another 2 more shorting opportunities in the lower time frame, such as:
- RSI oversold and divergence, and
- Candlestick short signal, or
- Double Top pattern
Disclaimer: Trade at your own risk. It is only my humble opinion. This is not a trade recommendation.