Hi everyone:
Beginning of this week we saw a sell opportunity on EURCAD, and we see price did get push down to the recent lows before bouncing back up.
However, the larger higher time frame structure does not change, and we now have a recent double tops, higher time frame rejections.
We see price get pushed down on the lower time frame and now potentially forming a continuation correction.
I would wait for the correction to develop and look for sell entry down to the recent lows again.
Thank you
Beginning of this week we saw a sell opportunity on EURCAD, and we see price did get push down to the recent lows before bouncing back up.
However, the larger higher time frame structure does not change, and we now have a recent double tops, higher time frame rejections.
We see price get pushed down on the lower time frame and now potentially forming a continuation correction.
I would wait for the correction to develop and look for sell entry down to the recent lows again.
Thank you
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