EUR/CAD is Forming a Falling Wedge Pattern
Deya Hroob
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,
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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