EURCAD shows a bearish trend on the 1-hour timeframe.
The price is moving within a downward sloping channel, indicating a bearish trend Price has recently broken below a horizontal support zone (highlighted with the blue box), confirming potential continuation of the downtrend.
A Possible Target Points
1st Target :1.55502
2nd Target: 1.55055
This chart setup appears to be a classic bearish continuation pattern. If you're trading this setup, .
The price is moving within a downward sloping channel, indicating a bearish trend Price has recently broken below a horizontal support zone (highlighted with the blue box), confirming potential continuation of the downtrend.
A Possible Target Points
1st Target :1.55502
2nd Target: 1.55055
This chart setup appears to be a classic bearish continuation pattern. If you're trading this setup, .
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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.