Bearish possibilities EUR/CAD

٨ مايو ٢٠٢٢

In the picture above, we can see that price is in a overall downtrend however price is in a corrective phase looking for resistance to push price lower. On the daily timeframe you'll notice that price is actually testing a doji candle, which is a strong area especially when its used as a resistance. My bias on price is bearish however am still patiently waiting for entry opportunities.