EURCAD OUTLOOK
Price trading inside bullish channel but has reached a key order block and a rising wedge pattern formation has formed as well, which might indicate a move to the downside.
If it reaches there again, there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:6.
Price trading inside bullish channel but has reached a key order block and a rising wedge pattern formation has formed as well, which might indicate a move to the downside.
If it reaches there again, there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:6.