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VladimirRibakov

EURCAD Buy idea

Short
Euro / Canadian Dollar (OANDA:EURCAD)  
VladimirRibakov  
OANDA:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis EURCAD buy Bullish Patterns criticalzone Bullish Divergence
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trendanalysis chartpattern waveanalysis eurcad buy bullish criticalzone bullishdivergence
W1 - Price reached a critical zone formed by the fibo level of the cycle and the psychological area 1.44. Bullish divergence.

H4 - Bullish divergence.

H1 - Bullish divergence, if we get a valid breakout above the downtrend line we may then start looking for buys with more bullish evidences.

if you want to be more conservative then wait for the price to break above the high shown in the screenshot, we may then start looking for buys with more bullish evidences.
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