EUR/CAD – Bearish Momentum Continues
EUR/CAD remains in a strong bearish trend, consistently printing a series of Lower Highs (LHs) and Lower Lows (LLs). The market structure confirms ongoing downward momentum.
The recent candle also closed bearish, reinforcing the trend. Since the bearish structure is still intact, this could be a good opportunity to open a new short position, following the trend.
Trade Suggestion:
Entry: Sell at market price
Stop Loss & Take Profit: As indicated in the chart
EUR/CAD remains in a strong bearish trend, consistently printing a series of Lower Highs (LHs) and Lower Lows (LLs). The market structure confirms ongoing downward momentum.
The recent candle also closed bearish, reinforcing the trend. Since the bearish structure is still intact, this could be a good opportunity to open a new short position, following the trend.
Trade Suggestion:
Entry: Sell at market price
Stop Loss & Take Profit: As indicated in the chart
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.