EURCADHello traders;
Here's my outlook on EURCAD-
We see price-breaking LL indicating a bearish trend and as such, we expect for price to make a successful retrace which will end at the OB before the bullish impulsive move which was initiated by smart money. Once price hits this OB (blue rectangle zone) we expect to see a more impulsive bearish pull to the downside to continue the bearish structure.
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Related publications
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.