EURCAD is trading in a descending triangle like USDCAD some time ago.
it is a classic bearish pattern with a sequence of lower highs and equal lows.
the market is accumulating to push below the horizontal structure support.
our trigger is a bearish breakout of a horizontal structure on a daily chart.(daily candle close below) it will give us a perfect opportunity to sell on pullback expecting a continuation to the downside.
next goal for sellers will be: 1.49
remember that this setup is conditional, we need a breakout first! place the alert below the level to be notified in case of an attempt!
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