EURCAD is trading in a descending triangle on 4H.
The price has formed a nice dodji candle once it reached its falling trend line.
On hourly the price has formed a head and shoulders formation and successfully broken its neckline.
Now bearish continuation is expected to support of the triangle.
Goal - 1.547
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Related publications
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.