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jojofang0901
May 29, 2022 6:11 PM

EURCAD More Upside, Watch For Buy  Long

EUR/CADOANDA

Description



Hello traders:

Looking at EURCAD's overall price action, there could be more opportunity for upside.

From the higher time frame, we can see price has hit a previous swing lows, and started to slow down and consolidate.
This could lead to a potential double bottoms for upside reversal.


On the mid time frame, we can see a clear descending structure correcting the price, and within, another descending channel.

Together, with the lower time frame double bottom, and strong bullish impulse that breaks out of the reversal correction, good sign of bullish momentum.

Be on the lookout for continuation correction price action on the lower time frame to confirm the upside move.

thank you

Comment

Comments
Lingrid
What entry point to choose here?
FOREXN1
We are also LONG here friend , Nice view :)
yonsfx
Amazing jojo
jojofang0901
@yonsfx thx bud
ProSignalsFx
looks good to me jojo
jojofang0901
@ProSignalsFx nice 👍
TopTradingSignals
good work, Jojo Fang!
jojofang0901
RLinda
Nice job. Keep it up)
jojofang0901
@RLinda you as well
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