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EURCAD: Classic Trend-Following Trading Setup 🇪🇺🇨🇦
Euro / Canadian Dollar
Short
EURCAD: Classic Trend-Following Trading Setup 🇪🇺🇨🇦
By VasilyTrader
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Oct 2
5
1
1
Oct 2
Look at a price action on EURCAD.
After a strong bearish movement, the price started to consolidate
within a horizontal parallel channel on an hourly time frame.
A breakout of the support of the channel is a strong bearish signal that
signifies, a highly probable bearish continuation.
Next support - 1.4902
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Parallel Channel
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