EURCAD H1 SHORT PRICE ACTION FORECAST

After the false breakout from the resistance level and retest of the descending trendline, price action is under a clear bearish momentum, getting back into the channel pattern.

Expecting that the price heads towards the support level from the channel allow the setup of a short position with the following features.

The order:
Type: sell-limit
S/L: 25 pips - R:R | 1:2.5 -
T/P: support level

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