EURCAD – H3 Timeframe
EURCAD on the 3-hour timeframe has printed a double break of structure pattern. This pattern is a high-probability reversal pattern, that could lead to price reversing from the supply zone at the 88% of the Fibonacci retracement - good news for the bears. The confluences for this bearish sentiment are;
- The bearish double break of structure;
- Rally-base-drop supply zone;
- 88% of the Fibonacci retracement.
Analyst’s Expectations:
Direction: Bearish
Target: 1.49190
Invalidation: 1.51754