EURCAD is looking very good for more continuation sell opportunities.
On the higher time frame, price approached a double tops, moving up correctively in this ascending channel structure.
We then see a strong bearish sell momentum, now the price is sitting near the bottom of the channel now.
I like to see more confirmation from the market, either a correction within the channel to go down, or a breakout followed by a small correction to go lower.
Thank you
Comment
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Correction developing.
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Look for breakout from this correction
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Price broke out, look for more correction to sell.
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