EURCAD is trading in a sharp bearish trend .
The pair is currently consolidating within a narrow horizontal trading range.
Bearish breakout of 1.503 support (hourly candle close below) can give us a nice breakout trade.
Wait for the structure violation, then sell aggressively or on a retest.
First goal will be 1.4993 structure low
In case if the market sets new higher high above the yellow resistance, setup will be invalid.
Note
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✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.