If you look left you can see that the market is at a major that comes from the also at the last week price did break above this but the price wasn’t able to continue to go higher and immediately pushed down. In the forex market, we called it a false breakout.
With all those clues in mind, we can expect trend rotation here on FX:EURCAD in this week.
Trade Idea – Consider going short if price broke below the Local Structure Level.
Analysis From - Trade Revenue Pro