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EURCAD Short Opportunity on Tap?
EURCAD has been choppy and indecisive for several months. The pair has managed to move just 350 pips since carving the year-to-date low on October 1. Notice all the back and forth price action since that time. That indecision has made the EURCAD a difficult pair to trade. But nothing lasts forever, and I often find that the best opportunities materialize on the back of weeks or months of consolidation. One such opportunity could materialize via the descending channel below. Notice how EURCAD recently came into channel resistance and has even carved several bearish pin bars on the weekly time frame. We’re also ... (full story)