Euro pair retraced clearly after an impulse wave and i am looking forward to long the pair again. in my analysis i labeled an extended wave 3 meaning that the current pullback better not break below 1.1268.
however minor low can take place near 1.1285 before upward continuation might happen.
do not forget to risk manage your trade because of the geopolitical...
#EURCAD:
(1D):
Since the end of 2020, the price has been ranging in a massive falling wedge. Since it's break, the pair started trending to the upside, following our overall bullish bias (also confirmed by the 200 EMA). This has not changed.
(4H):
Last push saw the price being stopped by a strong resistance and started retracing. Looking back at the daily, we...
With this pair currently at monthly support, there is a good opportunity to capitalize on the possibility of the pair rejecting this support. Also, the pair being at weekly support provides further confluence for the rejection of monthly support. If the market provides a daily close above daily resistance, then the re-test of that structure would present a good...
