EUR/CAD going down .....

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EUR/CAD going down .....EUR/CADOANDA:EURCADDraxer313I see a few signs that the price may be ready to reverse: 1.Price was rejected after its first test of the 1.62541 resistance zone. When it returned to this level for a second time, the upward move was weaker, showing that buyers are losing strength. 2.The second move up has formed a double top, which is a common reversal pattern. If today's candle closes below the neckline, it would confirm the pattern and increase the probability of a bearish reversal. -This is a higher time frame analysis, so it's meant to provide a bigger-picture view of the market for your next trades. Whether you're a swing trader or a scalper, keeping the larger trend in mind can help you make better trading decisions.