If there would be present of bullish signs EURCAD will reverse!
Hello everyone,
Let's watch out for bullish reversal signs on EURCAD for potential long positions. The pair has declined significantly since 2020. On a higher timeframe, I have noticed that the pair is trading within a falling widening wedge and now it is at the support of this wedge. If there would be any present of bullish reversal signs, there pair might reverse its trend strongly to the upside and the move will last for weeks or even months to the resistance of the wedge.
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Let's watch out for bullish reversal signs on EURCAD for potential long positions. The pair has declined significantly since 2020. On a higher timeframe, I have noticed that the pair is trading within a falling widening wedge and now it is at the support of this wedge. If there would be any present of bullish reversal signs, there pair might reverse its trend strongly to the upside and the move will last for weeks or even months to the resistance of the wedge.
Traders, if you find this idea helpful please support it with likes.
If you have any thoughts on this please feel free to share it in the comment section below.
