Euro / Canadian Dollar
Short

EURCAD BEARS PREPARATION

Hello Traders, I am Hadi Karaali, Known as SNIPERS_FX

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EUR/CAD, Quick overview.


As we can see price is still trading inside this falling channel from a medium-term perspective,

Meanwhile, price is sitting around our upper falling trendline, where we will be looking for new bearish movements,

Then from a shorter-term perspective, price is trading inside this rising channel as a correction movement, and for the bears to kick in again, we need a new swing low to be formed as shown on the chart then a break.

And as usual 1-2 risk to reward ratio from a risk management perspective.

Unless price managed to keep moving higher again then we will be looking for new bearish movements as the price will be diving inside our resistance zone.



And as usual follow your trading plan and manage your risk.

Be patient and good luck!

Disclaimer