Price broke above a sliding parallel of the median line, which has acted as resistance previously. looking at the lower time frames, we may see that price is now in a correction moving to the down. Wait for a breakout above this corrective structure and buy EURCAD, aiming for the next resistance level as shown in the daily chart.
60 min chart - Potential setup:
60 min chart - Potential setup:
Commentaire:
Price broke above and is now forming another small flag. Ifyou didn't catch the first breakout go for the upcoming one, above the smaller flag
