FX:EURCAD   Euro / Canadian Dollar
Both the 4 hr and 8 hr time frame are now in a confirmed downtrend. There was strong rebound from the 12H trend line however the 12th time frame also shows a huge bearish engulfing candle that has not been superseded. I am also seeing a potential head and shoulders and this could be the right shoulder that is forming.

Remember risk management is key and STICK TO YOUR TRADING PLAN

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