EURCAD Resuming Bullish Trend? #forex

FX:EURCAD   Euro / Canadian Dollar
2560 16 55
Hello friends,
I have been absent in the past month from tradingview, as i had a very busy life and personal stuff. I am happy to be back and hope this will be a persistent             comeback.

Due to my absence, i couldn't publish this view.. However, late is better then never.

We have seen a retest of the main support area among 1.4640-1.4600, however the price found demand bouncing higher again. A bullish hammer formed at that support, meantime, Stochastic was in oversold area and that comes within the context of the bullish trend that started from April low around 1.3000.

I am looking for further upside , targets and stop shown on chart.

My Best Regards
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Comment: Testing 1.49 level which is a resistance, if it breaks first target should be in hands..
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Could have a bullish bat here on 1H
Cryptoelite Cryptoelite
marcus123 Cryptoelite
that was a nice trade of the bat!
yep - i got chicken shit and got stopped at scratch. I'm eyeing a bigger move on this pair and waiting for the trend to develop as I'm not liking how choppy this is atm
this trend continuation is what I'm anticipating
Another not so minted demi legend just posted a short at your first target. There's nothing like watching two opposite views play out :)
There is a Canadian election on Monday so anything can happen.
+1 Reply
I believe there is still a bit of downside momentum due.

+2 Reply
Technician VijaySanghishetty
It could be the case, if we break that support, i will look to reverse and target 1.4160
marcus123 Technician
sounds like good trade management there...
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