imRedaSouhail

$EUR-CAD Analysis May 1, 2022

FX:EURCAD   Euro / Canadian Dollar
After confirming a bearish trend the EUR/CAD is making lower highs in a HTF bearish structure.

The price is also moving in a descending channel pattern in which the resistance is at the lower highs combined and the support at the lower low.

the setup is simply a swing short trader after confirming a new lower high plus rejection of the bearish descending channel.

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.