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GemtradesFX
Apr 18, 2020 4:49 PM

EURCAD potential BUY Long

EUR/CADOANDA

Description

Daily - Expecting a pullback to the most recent area of support, which also lines up with the 50ema. We have seen several rejections of the descending trendline and the most recent resistance area.

4HR - If we drop down to the 4hr we can see that price broke the ascending trendline, if we get the pull back expected, and a retest of the descending trendline, I would be looking to go long on this.
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