EURCAD Possible Crown
Possible Crown hitting weekly trendline. Volume spike on the 4H hammer. Looking for a spike in volume getting out of the crown and breaking the bullish trendline at the same moment the EMA's cross.
CORRELATION
1-200 SMA working as resistance on the daily timeframe
2-Crown on lower timeframes
3-Hammer on the 4H with increase in Volume
CORRELATION
1-200 SMA working as resistance on the daily timeframe
2-Crown on lower timeframes
3-Hammer on the 4H with increase in Volume
Komentarz:
Sometimes Crowns end up being double tops, so your stop should always be above the high.
Komentarz:
It moved down anyway