week20 EURCAD D1 revelation for tx zig zag pattern and pending short trade

D1

been looking at this type of tx zig zag pattern for a long time and it didnt make sense to me now, until recently when I realized this type of tx pattern occurs when a head and shoulders has been completed and this pattern is used to show trend continuation of a ‘stepping down’ action.

I had seen this just a few weeks back in a similar EURAUD hns structure.

What this means will be that a short might be initiated soon at this neckline

week20 EURCAD D1 tx xig zag pattern revelation potential neckline short 120514

h1

I am looking to zoom into h1 to wait for a setup. It is either EURUSD or EURCAD so I will be monitoring.

week20 EURCAD h1 waiting for short 120514

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