EURCAD H1 SHORT PRICE ACTION FORECAST

Güncellendi
In the realm of H1, price action was able to manage the breakout of the rising trendline. Generally speaking, the pair has been trading sideways, forming a channel in H4 but under a clear bearish momentum in D1.

A sell-limit entry can be placed. In case the pullback can trigger it before continuing its downtrend momentum. The following setup has enough room for a:

S/L: 27 pips - R:R | 1:3 - T/P aiming to support the black dashed line's level.
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Chart PatternsEURCADeurcadforcasteurcadshortTechnical IndicatorsTrend Analysis

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