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Coffee_and_Fx
Jan 9, 2021 7:14 PM

EURCAD Long 

Euro Fx/Canadian DollarFXCM

Description

Price has been moving in a descending minor channel as you can see and it has come back down to the major channel. All I am waiting for is a buying signal. A hammer or morning star will do that for me. Also consolidation, then an engulfing pattern can do as a signal for me. For more confluence factors, my stochastic shows that price is in over sold conditions so let us wait and see what the markets have for us.
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