ForexPinnacle

EURCAD Ascending Channel

FX:EURCAD   Euro Fx/Canadian Dollar
Looking for a Potential Long in EURCAD             if the lower support trendline of the channel holds. However if there is a clear break then look for shorting opportunities if there is impulse selling or if there is a retest of the lower trendline . BOC             rate decision at 15:00 GMT could very well make or break this Ascending Channel . Happy trading :)
Realisto_FX PRO
10 months ago
I agree, however my view is the lower low already happened
Long EURCAD
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ForexPinnacle Realisto_FX
10 months ago
You could well be correct, that would certainly keep my ascending channel in tact. But at the moment I am going to keep a close eye on this pair, come 15:00 GMT is the BOC Rate Decision, so I might enter a position then.
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