EURCAD
Updated
Hi there fellow traders! EURCAD is looking bearish for me. Playing with the simple Support & Resistance rule, I believe we have achieved a broken trend line and market has re-tested it on the 4H chart. Look left you will see that market is currently at a significant resistance, so this calls for a continuous bearish movement. My downside target is set on the 1st support created by previous market structure, price can decline further.
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