EURCAD Sell Opportunity

After a fake breakout above the downtrend line, the price broke the uptrend line and dropped below the cloud. The previous swing low is broken too and it is a good confirmation that the market is going to move lower. DMI is bearish and ADX confirms the strength of sellers and trend market conditions. We have a new sell opportunity. Entry level can be below 1.53150 with stop orders above 1.54300 level. Profit targets should be placed at the support levels.



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Trade closed: target reached