EUR/CAD is Forming a Falling Wedge Pattern

Deya Hroob

eurcad


This trade set up is based on daily chart.

EUR/CAD is trading inside a falling wedge. It's a continuation pattern. The price now at the upper sloping line where you can also find the 20-day EMA.

I will trade the breakout of the upper line with target  1.5700, thereafter 1.5790. It's a Fibonacci level.

If the price breaks downwards, the trade set up will be invalid.

Trade Wise and Good Luck,

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