EURCAD 4H

12 mai 2020

We are at a major descending line and a support/resistance horizontal line. I would look at the 4H for directional queues.

If we do break above, I would look for a solid retest and confirmation candle before getting into a buy. You may need to do this on the 1H.

Fib extension lines are marked.

12 mai 2020

Note

Here's a 1H view. We are currently backtesting the descending line. If we can get a green confirmation candle following this test, it might be an opp to buy.

14 mai 2020

Note

We are currently back testing the descending trend line. If close above this trend line + above the support/resistance line, it might be a good buy position.