EURCAD SHORT PRICE ACTION FORECAST

Price remains trading within a descending channel. Strong bearish bias continuation allows the setup os a short position to capture the downward movement.

Expecting the downtrend continuation after rejection from the EMA allows a sell stop entry to be placed.

The order:
Type: sell-stop
S/L: 44 pips - R:R | 1:3.4 -
T/P: previous resistance level

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