Initially, I noticed that when the markets opened last Sunday, the gap shown in the red circle was not filled, it ALMOST was, but not quite. This makes me wonder if EURCAD only needs even a small reason to go up to the 1.4700 area and finally close the gap. After all, 99% of gaps are closed, whether it be in 10 minutes, 10 hours, or 10 days.
To buy long from the TL, we must see a strong bull candle on the daily TF, and the market preferably shouldn't gap down below the TL.
If price does fall to the 1.4050 support zone, which is just as likely, it may still bounce up to fill the gap, but we will need to wait for a signal then.
For now, see how the markets open, and be ready to go long at the sign of bullish pressure
To buy long from the TL, we must see a strong bull candle on the daily TF, and the market preferably shouldn't gap down below the TL.
If price does fall to the 1.4050 support zone, which is just as likely, it may still bounce up to fill the gap, but we will need to wait for a signal then.
For now, see how the markets open, and be ready to go long at the sign of bullish pressure