The EURCAD is going through some consolidation time right now but it is a good time for a trade setup. Once it clears the consolidation, the bearish trend will continue if price breaks through our entry value.
Here is a summary of the Ichimoku value:
The entry was choosen based on a Chikou Span support value which is the bottom of the consolidation area. I am using a 5 PIP buffer for entry.
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