EURCAD time to OPEN SELL TRADE

The price has been moving in the pattern for a long time.


At the very beginning of November, the price finally exited the pattern, breaking through the support line and dropping to the support level of 1.542.


Over the past two weeks, it has made a lot of rather sharp movements, including a breakdown of this level.
However, a week ago, it was able to rise and reach the resistance line, touch it and turn into a fall again.

Now we see that the csecna continues to fall from the resistance line 1.556.
And this is a signal to open a sell trade.
I expect the price to drop to the support line 1.530.

I never tire of reminding you of the importance of SL. Install it above the resistance line in case of correction.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻