EURCAD Continuation downside

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Euro / Dólar Canadense (OANDA:EURCAD)

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OANDA:EURCAD Euro / Dólar Canadense

chartpattern parallelchannel flagpattern priceaction structure pattern wedgepattern

Hi everyone:

EURCAD had formed this larger parallel channel after a strong bearish impulse from the top.

We can see price had a LTF bearish impulse also, good indications for continuation.

I would wait for a breakout and a LTF correction to get in, and see how price will react at the bottom of the structure.

Thank you

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