tradingpower1

EURCAD - D1 - xabc pattern

Short
FX:EURCAD   Euro / Canadian Dollar
I can see that price has been bearish from the top at about 1.615€ ...
Now that price seems to have pulled back at 50% around 1.556€ at the beginning of last week.
Price actually ended up last Friday with a nice tail around 1.532€ at a nice support /resistance
Which tells me that price may be ready to go further down forming a nice XABCD pattern.
price has been ranging today (another slow monday) ... and we've got some big new this week

pattern + bearish trend + fibo level .

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