EURCAD - close to continue the longer uptrend

FX:EURCAD   Euro / Canadian Dollar
163 3 3
The daily chart of EURCAD             appears to have bottomed, but there is no confirmation yet, as the impulse is still red. I believe that if it's going to bottom, a strong rally should be expected. I know everybody sells the euro             , but on many pairs the euro             looks bullish . In this case, combined with Canadian dollar             weakness, there might be a nice rally coming.
I already established a small position and I'm going to increase it at the first confirmation signal.
Exited on the breakdown
As USDCAD enterred bullish trending again, it all depends on EUR recovery. May be a good risk-reward to buy, even if it goes only upto 1,4680-1,4700 and then stucks in a range.
vlad.adrian Kumowizard
Yes I'm planning to play hourly charts to 1.47 if I see daily confirmation
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