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Chibuike_Odoh

EURCAD - Potential rejection of descending channel resistance 🔽

Short
Euro / Canadian Dollar (FX:EURCAD)  
Chibuike_Odoh  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators EURCAD EUR CAD Forex currency
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trendanalysis chartpattern indicator eurcad eur cad forex currency
EURCAD bounced off the descending channel support as expected from my previous analysis.
Price is testing the descending channel resistance.
RSI is printing a bearish divergence signal.
Sell entry ⬇️ - breakdown below the previous swing low.
Target - descending channel support.

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Chibuike_Odoh
EURCAD - Test of descending channel support 🔼.
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