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Giraffe-Trader

EURCAD - Ascending Channel Strategy

Short
Euro / Canadian Dollar (FX:EURCAD)  
Giraffe-Trader  
FX:EURCAD   Euro / Canadian Dollar
Chart Patterns Parallel Channel EURCAD eurcadshort eurcadlong eurcadanalysis eurcadsell eurcadbuy eurcadforcast eurcadsetup eurcadidea
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chartpattern parallelchannel eurcad eurcadshort eurcadlong eurcadanalysis eurcadsell eurcadbuy eurcadforcast eurcadsetup eurcadidea
We have an ascending channel on the 4H timeframe showing that price has been decelerating as it approached the daily resistance level. We also have bearish RSI divergence.

I expect to see a small 40 pip move to the downside.

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