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imRedaSouhail
May 1, 2022 4:53 PM

$EUR-CAD Analysis May 1, 2022 

Euro Fx/Canadian DollarFXCM

Description

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.
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