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EURCAD - Strong Bearish Divergence

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EURCAD has formed a bearish divergence on the 1-hour time frame, suggesting a potential reversal in the currency's direction towards the downside. This divergence indicates that while the price is rising, the momentum is weakening, possibly leading to a downward movement. The Entry, SL, and TP levels have already been marked, providing traders with clear parameters for managing their positions in anticipation of a downward trend.
Chart PatternsTechnical IndicatorsTrend Analysis
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