FX:EURCAD   Euro / Canadian Dollar
The reason why I chose short position is because, as you can see, the candlestick reached my RESISTANCE. As a result, the candlestick will go down to reach my SUPPORT. Therefore, I reckon there will be a downtrend based on my analysis and based on what the market has done. There is a slight probability that the market will go up a bit, but will definitely reach my SUPPORT. What do you guys think?
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