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jojofang0901

EURCAD Look for bullish reversal from the bottom

Long
Euro / Canadian Dollar (OANDA:EURCAD)  
jojofang0901  
OANDA:EURCAD   Euro / Canadian Dollar
Chart Patterns Flag Parallel Channel priceaction structure pattern impulse correction Wedge
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chartpattern flagpattern parallelchannel priceaction structure pattern impulse correction wedgepattern


Hello traders:

Looking at EURCAD for the strong bullish price action to reverse.

We see price has been in a deeper consolidation since the last HTF bullish impulse. Price started to from that channel/flag structure, correcting the price.

Latest price action has once again reach the bottom, and looking like a bullish flag/channel is about to finish, and we can expect the next bullish impulse from the lower time frame.

I would be patient and wait for some sort of LTF reversal correction to form, and a strong bullish impulse to confirm the buy entry.

Thank you
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