EURCAD Price Action Signal

Hello Price Action Traders.

EUR/CAD

The EUR/CAD keeps falling after the Head & Shoulders reversal formation and is traveling in a bearish equidistant channel. In addition, the pair is trading below its 21 Exponential Moving Average. Yesterday the price rejected the 21 EMA and formed a daily Pin Bar. This could be a price action trading idea if the price goes below the pin’s low.

 

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Luigi, Professional Trader member of HereForexNaked.com

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