EURCAD: Potential Trend-Following Trade Explained 🇪🇺🇨🇦

٢٥ فبراير ٢٠٢٢

Hey traders,

EURCAD broke and closed below a daily key level yesterday.
Retesting that this morning the price formed a descending triangle formation.

My confirmation to short is a bearish breakout of its horizontal neckline.
I need an hourly candle close below that to confirm a breakout.
Then sell aggressively or on a retest.

The initial target will be 1.428

In case the price violates the high of the triangle,
the setup will be invalid.


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