EUR/CAD - Bearish Flag (05.03.2026)

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EUR/CAD - Bearish Flag (05.03.2026)Euro/Canadian DollarFX:EURCADKABHI_TA_TRADING📊 Description✅ Setup EURCAD EURCAD on the M30 timeframe is forming a bearish flag pattern, which typically signals a continuation of the prior downtrend. Key observations from the chart: ✔ Strong impulsive bearish move (flag pole) ✔ Consolidation forming an ascending flag channel ✔ Price trading below Ichimoku cloud resistance ✔ Lower highs suggesting selling pressure remains active This type of structure often results in trend continuation once the flag support breaks. 🧱 Support & Resistance 🔺 Immediate Resistance: Flag Resistance + Cloud Zone (~1.5920) 🔻 1st Support: 1.5797 🔻 2nd Support: 1.5760 These levels mark potential reaction and liquidity zones. ⚠️ Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always use proper risk management and follow your own trading plan. #EURCAD #ForexTrading #PriceAction #BearishFlag #SupportAndResistance #ForexAnalysis #IntradayTrading #TradingView #SmartMoneyConcepts 👍 If you found this analysis helpful: 💬 Comment your view — Breakdown or Fakeout? ⭐ Follow for more clean price action setups Charts Don’t Lie — Traders Don’t Quit. 📉