EURCAD bounced off the descending channel support as expected from my previous analysis.
Price is testing the descending channel resistance.
RSI is printing a bearish divergence signal.
Sell entry ⬇️ - breakdown below the previous swing low.
Target - descending channel support.
Price is testing the descending channel resistance.
RSI is printing a bearish divergence signal.
Sell entry ⬇️ - breakdown below the previous swing low.
Target - descending channel support.
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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.