EURCAD - Ascending Channel Strategy Short

Euro Fx/Canadian DollarFXCM

Description

⋅ Mar 9, 2023 6:14 PM

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.