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EURCAD: Trading Opportunity for US Session



EURCAD is trading in a sharp bearish trend .


The pair is currently consolidating within a narrow horizontal trading range.


Bearish breakout of 1.503 support (hourly candle close below) can give us a nice breakout trade.

Wait for the structure violation, then sell aggressively or on a retest.


First goal will be 1.4993 structure low


In case if the market sets new higher high above the yellow resistance, setup will be invalid.

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