Forex

EUR/CAD Flat Top Triangle Below the Trend Line

October 29, 2018

2 min read

tarantula fx

Head of Trading

Market research & company updates. No spam, we promise.

EUR/CAD Flat Top Triangle Below the Trend Line

Hi traders,

The EUR/CAD has formed a flat top triangle below the trend line that coincides with both Murrey Math and Camarilla bearish levels.

The price is below W H3 and trend line, while at the same time is rejecting the 5/8 Murrey Math Sell zone. A successful rejection should target 1.4892 followed by 1.4840-30 confluence point. The target confluence is W L3 and 3/8 zone. The MACD indicator also signals a possible downtrend cont based on MTF calculations.

For more daily wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

bounce break breakout Camarilla chart pattern EUR/CAD EURCAD forex forex setups forex trade forex trade setups fx fx setups FX trade fx trade setups nenad kerkez price action patterns price patterns support and resistance tarantula technical analysis trade setups trades trading trend lines