Euro / Canadian Dollar
Short

EURCAD: Sell signal on Double Channel Up Top.

55
EURCAD is bullish on its 1D technical outlook (RSI = 63.955, MACD = 0.010, ADX = 41.562) having peaked on two Channel Up patterns at the same time. Technically it should now start the new bearish wave to test the bottom a little below the 1D MA50. Short, TP = 1.57000.

See how our prior idea has worked out:

EURCAD: has bottomed and turned bullish.


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