Currently, EUR/CAD is trading at 1.5586. The pair is trading above the channel resistance level
, It can move below resistance level
to start a new down trend in the channel. So, accordingly plotted entry levels and target price. If the price breaks resistance level
at 1.5531 inside the channel, then the price will enter into the downward channel
and start a new down trend. Then its target price will be the support level
of channel at 1.5350.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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