Fxprotrader

EURCAD Potential Buy Opportunity

Long
FX:EURCAD   Euro / Canadian Dollar
Price is moving in a descending wedge pattern and it looks like it will soon reach a key level where we should watch for a buy setup to form. If based on your strategy nothing forms but price reverse and climb, watch for a breakout above the wedge pattern and keep an eye for a buy setup once again.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.