EURCAD STRUCTURE SHORT| SUPER TRADE
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The pair is trading in the falling channel/bear triangle on the daily timeframe. It is now on the intersection of the channel resistance line and a massive
horizontal resistance level.
There is a minor support structure on 1H timeframe that was broken with confirmation(the candle closed below the level)
>>short from the pullback.
Stop loss is above the local high.
The ultimate target is the local support line visible on the 4H chart. It could be said that it is forming the triangle pattern bottom support line.
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Nota
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