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jojofang0901

EURCAD Continuation downside

Short
Euro / Canadian Dollar (OANDA:EURCAD)  
jojofang0901 Updated   
OANDA:EURCAD   Euro / Canadian Dollar
Chart Patterns Parallel Channel Flag priceaction structure pattern Wedge
20
6
chartpattern parallelchannel flagpattern priceaction structure pattern wedgepattern

Hi everyone:

EURCAD had formed this larger parallel channel after a strong bearish impulse from the top.

We can see price had a LTF bearish impulse also, good indications for continuation.

I would wait for a breakout and a LTF correction to get in, and see how price will react at the bottom of the structure.

Thank you
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