SamKent
Short

EUR/CAD BEARISH OUTLOOK AND PATTERN

FX:EURCAD   Euro Fx/Canadian Dollar
139 1 2
The EUR/CAD is trading sideways in a descending wedge formation. We're bearish on the pair, with the latest impulsive move being to the downside, coupled with the 100 SMA serving as resistance, after a recent spike above it failed. The way to trade such setups is to keep things simple, enter on a breakdown of the pattern, with a stop above the upper trend-line and 100 SMA , and no defined target as we're looking for an impulsive bearish move.
nice one,
great analysis!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out