EURCAD In A Bearish Triangle! Breakout on Focus!!!

2 giu 2020

hey guys,

EURCAD is trading in a descending triangle like USDCAD some time ago.

it is a classic bearish pattern with a sequence of lower highs and equal lows.

the market is accumulating to push below the horizontal structure support.

our trigger is a bearish breakout of a horizontal structure on a daily chart.(daily candle close below)
it will give us a perfect opportunity to sell on pullback expecting a continuation to the downside.

next goal for sellers will be: 1.49


remember that this setup is conditional,
we need a breakout first!
place the alert below the level to be notified in case of an attempt!

good luck!