EUR/CAD is preparing itself for a big upmove.
Recovering with 2 candles only after hitting the daily support and now failing to enter into a reversal phase, it is finding its support for a bigger up move in this consolidation phase.
Keep this pair in your watchlist and look for a buy on the next low test.
This is a very good looking setup. Highly probable move coming up next if the support holds and prices keeps rejecting the lows.
As the prices make its push up and breaks the 200 ema on the daily, we'll have the beginning of the bullish weekly trend.
Trade safe.
Recovering with 2 candles only after hitting the daily support and now failing to enter into a reversal phase, it is finding its support for a bigger up move in this consolidation phase.
Keep this pair in your watchlist and look for a buy on the next low test.
This is a very good looking setup. Highly probable move coming up next if the support holds and prices keeps rejecting the lows.
As the prices make its push up and breaks the 200 ema on the daily, we'll have the beginning of the bullish weekly trend.
Trade safe.