jojofang0901

EURCAD Look for bullish reversal from the bottom

Long
OANDA:EURCAD   Euro / Canadian Dollar


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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Comments

Very good Idea. Thank you!
+2 Reply
jojofang0901 KlejdiCuni
@KlejdiCuni, thx bud
Reply
You have mentioned very good indicators to take a position.
+2 Reply
best place for entry

well done bro thanks for sharing such high quality work
+2 Reply
jojofang0901 MMBTtrader
@MMBTtrader, your welcome thx
Reply
nice 👍
+1 Reply
@Babenski, thx :)
Reply
keep sharing with us
+1 Reply
jojofang0901 DACapitalTrading
@DACapitalTrading, will do thx
Reply
Nice analysis . Thanks
+1 Reply
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