EURCAD: Breakout Trading Plan for US Session

23 thg 2, 2021

EURCAD is trading within a descending triangle formation.

With a sequence of lower highs, bearish volumes are accumulating.
To catch a bearish move, wait for a breakout (1H candle close below) of its horizontal support 1.5313.

Then sell aggressively or on a retest.

The first goal will be 1.5275

In case of a new higher high higher close on hourly, setup will be invalid.