EURCAD OUTLOOK
Price trading inside bearish channel and might retest the previous key order block where it rejected.
If it reaches there again, there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside with the minimum R:R ratio of 1:4.
EURCAD sell limit - 1.43460
TP1 - 1.42680
TP2 - 1.41800
SL - 1.43650
Price trading inside bearish channel and might retest the previous key order block where it rejected.
If it reaches there again, there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside with the minimum R:R ratio of 1:4.
EURCAD sell limit - 1.43460
TP1 - 1.42680
TP2 - 1.41800
SL - 1.43650