⚠️EURCAD is currently testing a recently violated horizontal support level within a trading range.
It is highly likely that this broken structure has now become resistance.
We will look for a confirmation to sell upon a bearish breakout of the neckline of a descending triangle pattern on the 1-hour timeframe.
A close of the hourly candle below 1.5545 will confirm this violation, with an anticipated bearish continuation targeting at least 1.5538.
It is highly likely that this broken structure has now become resistance.
We will look for a confirmation to sell upon a bearish breakout of the neckline of a descending triangle pattern on the 1-hour timeframe.
A close of the hourly candle below 1.5545 will confirm this violation, with an anticipated bearish continuation targeting at least 1.5538.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.