EURCAD REVERSAL BREAK BELLOW

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EURCAD REVERSAL BREAK BELLOWEUR/CADOANDA:EURCADZickey_11Pattern Analysis: The chart clearly forms a Rounded Top (Reversal Pattern) — a typical sign of a transition from bullish to bearish momentum. The previous uptrend channel (green ascending box) was broken to the downside, confirming a loss of bullish strength. Price has retested the broken channel and is now rejecting downward, indicating confirmation of a bearish continuation. ⚙️ Key Levels: Current Price: 1.6203 Immediate Resistance: 1.6250 – 1.6280 (recent retest zone) Target 1: 1.6110 – 1.6120 Final Target: 1.6050 – 1.6010 (major support zone and lower boundary of previous structure) Trading Plan Suggestion (for informational purposes only): > Bias: Bearish Sell Zone: Around 1.6230 – 1.6260 (if price retests resistance) Targets: 🎯 1st Target: 1.6110 🎯 Final Target: 1.6050 Stop Loss: Above 1.6300 (to protect from false breakouts)