EURCAD H1 SHORT PRICE ACTION FORECAST

4 Jun 2020

In the realm of H1, price action was able to manage the breakout of the rising trendline. Generally speaking, the pair has been trading sideways, forming a channel in H4 but under a clear bearish momentum in D1.

A sell-limit entry can be placed. In case the pullback can trigger it before continuing its downtrend momentum. The following setup has enough room for a:

S/L: 27 pips - R:R | 1:3 - T/P aiming to support the black dashed line's level.

4 Jun 2020

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