#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 can see that the price is currently rejecting the 61.8 FIB level.
(1H):
Looking for entry, a small falling wedge created on the 4H corrective form bottom. Currently broken to the upside, i'm waiting for previous high retest + strong bullish confirmation.
(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 can see that the price is currently rejecting the 61.8 FIB level.
(1H):
Looking for entry, a small falling wedge created on the 4H corrective form bottom. Currently broken to the upside, i'm waiting for previous high retest + strong bullish confirmation.