A Double Top pattern, slightly dis-proportioned, appeared at the EUR\CAD. The second top is lower than the first - which enforces the strength of the pattern - the buyers did not even reach the previous high, which indicates that sellers are gaining strength.
However, the pattern has not been validated as the neckline was not broken yet.
Trading: Wait for the neckline to break and enter short trade. Conservative traders will wait for pullback to enter a more reliable trade. Target is 60 pips from pullback location.
Source:
http://www.chartsecret.com/content/eurcad-double-top-60-pips
However, the pattern has not been validated as the neckline was not broken yet.
Trading: Wait for the neckline to break and enter short trade. Conservative traders will wait for pullback to enter a more reliable trade. Target is 60 pips from pullback location.
Source:
http://www.chartsecret.com/content/eurcad-double-top-60-pips
