EURCAD: Your Trading Plan For Today 🇪🇺🇨🇦
https://www.tradingview.com/x/4bvtl2E1/
EURCAD is trading in a strong bearish trend.
After the price set a new lower low lower close on a daily,
it retraced to a key daily horizontal resistance.
To short the pair with a confirmation, monitor a head and shoulders pattern on 1H t.f.
Its neckline breakout - hourly candle close below 1.422 will confirm the strength of the sellers.
A bearish continuation will be expected then to 1.418 level.
Remember, that if the price sets a new higher high, the setup will become invalid.
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EURCAD is trading in a strong bearish trend.
After the price set a new lower low lower close on a daily,
it retraced to a key daily horizontal resistance.
To short the pair with a confirmation, monitor a head and shoulders pattern on 1H t.f.
Its neckline breakout - hourly candle close below 1.422 will confirm the strength of the sellers.
A bearish continuation will be expected then to 1.418 level.
Remember, that if the price sets a new higher high, the setup will become invalid.
❤️Please, support my work with like, thank you!❤️
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