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EUR/CAD riding sell for a move lower

EUR/CAD sell trade setup

1. Bearish divergence market patterns. (Red lines)

2. Bearish supply zones respected. (Gray & Green boxes)

3. Price reacting lower from the boxes.

4. Entered SELL trade at 1.6148 with Stop Loss at 1.6168 and minimum target 1.5R 1.6118 maximum target 3R 1.6088

EUR/CAD 15 minute chart February 23 2026

Chart

A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.

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Elliott Wave Forecast Team

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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