EURCAD Riding Sell for a Move Lower

EURCAD 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

EURCAD 15 Minute Chart February 23 2026

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.

Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX

At Elliottwave-Forecast we cover 78 instruments (Forex, Commodities, Indices, Cryptos, Stocks and ETFs) in 4 different time frames and we offer 5 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos and we have a 24 Hour Chat Room. Our clients are always in the loop for the next market move.