Eurcad is preparing for a move to the downside. Watch for an ascending channel formation on lower timeframe for confirmation along with the divergence that is forming on the 4hr chart.
The price can also drop from now but if it breaks aggressively and moves to the upside then the setup is invalid. Also, the euro is strong so be very careful and use correct risk management.
Also, the next idea is on top of the structure. Both 1:5 and 1: 5.8 Risk/Reward. Lets get it !
The price can also drop from now but if it breaks aggressively and moves to the upside then the setup is invalid. Also, the euro is strong so be very careful and use correct risk management.
Also, the next idea is on top of the structure. Both 1:5 and 1: 5.8 Risk/Reward. Lets get it !
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