The chart formation on the EUR/CAD weekly timeframe resembles a bearish flag pattern. It offers a trading setup with a downside breakout entry potential. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (1.25467). My potential stop-loss level is marked with the red line (1.32897). I will wait for the price to close significantly below the flag's lower border before opening a short trade.
Order cancelled:
Trade setup cancelled due to the pattern's invalidation.
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