EURCAD - Strong Bearish Divergence

29 בפבר׳

EURCAD has formed a bearish divergence on the 1-hour time frame, suggesting a potential reversal in the currency's direction towards the downside. This divergence indicates that while the price is rising, the momentum is weakening, possibly leading to a downward movement. The Entry, SL, and TP levels have already been marked, providing traders with clear parameters for managing their positions in anticipation of a downward trend.