Things dont look over yet for the bearish trend on EURCAD at the weekly time frame. Expect more bearish downwards movements the next weeks.
And lower range has been broken and it has opened the way for at least a 400 pip fall. This ofcourse, is on the weekly time frame. so on the daily, 4h and 1h time frames there will be plenty of retracements up that you can buy for a few pip. But with this strong sell set up the best advice that I can give is to enter a decent sell position and add more a long the way down.
Trade active
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went for a buy earlier and targeting at least 1.52. Bias has changed on the lower time frames.
Also notice how i mentioned that this chart is just the weekly and the lower time frames will show plenty of retracements that are tradeable