heeey traders,
EURCAD is still testing a major falling trend line.
we are still bearish biased here and wait for a confirmation to short the pair.
on 1H the price is contracting within a descending triangle formation.
1.5205 is the horizontal support that needs to be broken (1h candle close below) to initiate the selling order.
initial target will be 1.517
with stop above the last lower high.
in case of the violation of the triangle to the upside, trading plan will be invalid.
good luck this week!;)
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.