EURCAD market breakdown
EURCAD / 4H
hello traders, welcome to another market breakdown.
EURCAD has been trading globally in a downtrend. The price now is trading inside a bearish channel, there are two ways to trade such a market.
Scenario 1: Trading the channel by selling short the resistance zone.
scenario 2: Wait for a breakout, then buy long why the price pulls back.
Trade safe,
Trader Leo.
hello traders, welcome to another market breakdown.
EURCAD has been trading globally in a downtrend. The price now is trading inside a bearish channel, there are two ways to trade such a market.
Scenario 1: Trading the channel by selling short the resistance zone.
scenario 2: Wait for a breakout, then buy long why the price pulls back.
Trade safe,
Trader Leo.
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.