FX:EURCAD   Euro / Canadian Dollar
First of all , monthly resistance has been broken last month by a bullish candle with a long wick at the bottom ( buying pressure)
Secondly , on the weekly timeframe , price printed last week a big bullish candle with small wick at the top indication the small bearish candle that retested the broken daily resistance turned support on the daily timeframe .
Finally, on the daily timeframe , yesterday price printed a bullish pin bar ( small ) after a bearish candle with a significant wick at the top ( price has retested the support as mentioned earlier) .
Price is rejecting the fibonacci level , plus all EMAS are aligning bullish , and so is ichimoku .
So a bullish position is taken .
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