EUR/CAD – 30M – SELLIn addition a ‘Double top retreat up’ chart formation is existing. The chart picture forms ‘Double top retreat up’. this is a bullish chart scenario. The pair is likely to go up.
The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 0 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 1.60903 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
1.61361 – 1.61813 – 1.61722 – 1.60884 – 1.60647 – 1.60135 — 35.433136279615 – 40.400417206847 — 53.581918475535 – 35.358635039652 – 77.32052230846 – 58.618601774686
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double top retreat up – –