EUR/CAD: Downtrend Entry on Breakout Continuation SHORT

19 Ağu 2022

The EUR/CAD comes from a strong Bearish trend and in the last sessions, the price compressed inside a Sideways area. This scenario already happened before, ( look Left side of the chart ) our bias is in favor of a continuation of the main trend, bearish. The Stochastic it's just exited from the Overbought area ready to fall and the RSI Turned Bearish. Looking at a Short setup after the Breakout of the actual zone.