EURCAD - Short momentum
Following the rate hike, the CAD has a tailwind and is moving like clockwork inside a descending channel (use the daily time frame to identify this). I have multiple entries trading on the interest rate hike momentum and there is another promising entry developing inside the bearish flag. There is long term bearish momentum here, so use a wide stop and you'll be fine if price breaks above the flag.
Disclaimer: This is not financial advice but my own opinion. Trade your own plan.
Green trades!
Disclaimer: This is not financial advice but my own opinion. Trade your own plan.
Green trades!
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