Euro / Canadian Dollar
Updated

EUR/CAD IN A BEARISH CHANNEL, WHAT NEXT AFTER THE RETRACEMENT

48
Note
snapshot
Note
snapshot

Watch out for price entry into the highlighted regions
Trade active
snapshot

I have opened a new position as seen. I know I have violated the plan were I expected for an entry after the bearish breakout of the HIGHLIGHTED TRIANGLE. But the reason I have taken an entry is because the price has recently retracted from the major bearish channel resistance and I expect for it to continual toward the support.

PAYING ATTENTION:
Note
...WHETHER PRICE WILL RETRACT TOWARD THE CHANNEL RESISTANCE

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.