EUR/CAD has the possibility to make a drop correction

Hello guys again, I analize the Euro against the Canadian Dollar. It's mean the European Union wihtout the Canada.

Well, in this technical analyse EUR/CAD was formed a bearish rising wege, that mean a possible gran correction to find down at least 220 pips, but not is yet already. We could to see 2 formations: A bullish channel or a bearish rising wedge in formation. That is mean in this par EUR/CAD.


We could be this in Daily a formation of bearish rising wedge in Daily timeframe.


Or we could to see it in Daily a bullish channel ,the mos fiable for me is that EUR/CAD want to form a bearish rising wedge, its the most probability to formed.

That is all for you my trader, so in H1 the only we hope is the price is go up a little and hope a bearish candlestick confiramtio to entry in short.


Now, looking in H4 timeframe I see a drop of the price, because EUR/CAD is so weakness, and both indicator show it situation.