EURCAD is trading within a descending triangle formation.
With a sequence of lower highs, bearish volumes are accumulating.
To catch a bearish move, wait for a breakout (1H candle close below) of its horizontal support 1.5313.
Then sell aggressively or on a retest.
The first goal will be 1.5275
In case of a new higher high higher close on hourly, setup will be invalid.
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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.