EURCAD double top formation followed by a major downfall
Hi guys,
Looking at this 1 Day chart, we can see there was a double top formation and the chart has started to go on a downtrend reversal.
Hence, i believe this trade go down to the 0.618 level before next the consolidation period and based on the previous downtrend back in 2016, we can expect another pullback before further downtrend.
T/P at 1.5115
S/L at 1.6110
R:R 1.8
Please don't trade more than 2% of your capital
Hope you earn some profit from this idea
Cheers!
Looking at this 1 Day chart, we can see there was a double top formation and the chart has started to go on a downtrend reversal.
Hence, i believe this trade go down to the 0.618 level before next the consolidation period and based on the previous downtrend back in 2016, we can expect another pullback before further downtrend.
T/P at 1.5115
S/L at 1.6110
R:R 1.8
Please don't trade more than 2% of your capital
Hope you earn some profit from this idea
Cheers!