
The Euro Canadian is trading in a channel that tends to rise on the H4 frame - and faces a negative trend that presses the pair for more negativity. Traders are advised to enter short positions below the sharp bearish trend indicated in red on the above chart. Maintaining a suitable stop loss is above 1.5299, which represents a pivotal level for the husband and separates sellers from buyers. Selling can also be promoted by breaking the lower uptrend channel trend