Hello Friends, we can see a triangle formation here. We can short after the breakout and the retest of the pattern.
Read the Chart.
Everything is on the chart. (check the idea which also posted 1 month ago at the same pair.)
EURCAD after a long uptrend, it has no more power to get higher after 3 rejections and bears seem to be in the game with aggresive bearish candles and DAILY (in 2 hours) will close Bearish engulfing. And of course we have ichimoku full bearish signals.
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Strong bearish candlesticks followed by a breakout + ichimoku tenka,kiju sen bearish and chiku span out of kumo gives us a go. Price may retest the breakout.
After 3 rejections, EURUSD seems to getting strength for a bearish brakout.
Short now EURCAD with stop loss on the up side of kumo at M30 or H1 .
Price is making a bullish reversal. I higher high came up and ichimoku shows bullish signals. Also bullish signals from ichimoku at H1 ,kiju sen out of kumo confirmed it. May follow a small drop until trendline and then bullish will continue.
Broke out triangle and last high + ichimoku Bullish signals. We wait for a reversal and we jump in!