EURCAD market breakdown

2022년 2월 16일

EURCAD / 4H

hello traders, welcome to another market breakdown.
EURCAD has been trading globally in a downtrend. The price now is trading inside a bearish channel, there are two ways to trade such a market.
Scenario 1: Trading the channel by selling short the resistance zone.
scenario 2: Wait for a breakout, then buy long why the price pulls back.

Trade safe,
Trader Leo.