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EURCAD D1: C&H TP BULLS +500/+750// BUY DIPS
EURCAD is coming into an interesting area on the weekly timeframe. One we could either bounce of or break throug for a longer pullback.
The Hitman indicator is still bullish at the moment but the coming candle might change that bias. I will watch for price action clues on the daily to see if we break through that weekly support or we bounce of and go...
- EURCAD might be forming a retest at our supportive zone (ex), all the setups are described at the analysis.
- EURCAD a formar um possível retest na nossa ex zona de suporte, todos os setups possíveis estão descritos na análise acima.
Plan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
. There is still a possibility of temporary retracement to suggested resistance line (1.5784). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a...