QuercusTrading

EURCAD - Possible breakdown soon

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OANDA:EURCAD   歐元 / 加元
We had more than a month of consolidation inside this range.

IMO, breakout soon and to the downside.

Two supporting points for this idea.

1. A large bearish engulfing bar on 15 Dec 2023 provides the top.
2. Bearish order flow on H4 chart over the past week.
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