EURCAD ANALYSIS AND TRADE SIGNAL

📈 EUR/CAD - Bullish Setup Analysis (4H Timeframe)
🔹 Pair: EUR/CAD
🔹 Bias: Bullish 📊
🔹 Key Levels:

Resistance Zone: 1.49000 (Supply Zone)
Major Target: 1.49941 (Next Resistance Level)
Ascending Trendline Support: Price is following an upward trend
🔍 Analysis:
Price is currently approaching a key supply zone (1.49000), where we may see either:

A breakout above the resistance leading to a continuation toward 1.49941
A rejection from the supply zone, potentially leading to a retest of the trendline before another push upward
The ascending trendline suggests that buyers are in control, and a breakout above the resistance could lead to further bullish movement.

📌 Trade Plan:
✅ Break & Retest Strategy: If price breaks above 1.49000 and retests successfully, a long position targeting 1.49941 could be valid.
✅ Trendline Bounce: If price rejects the supply zone and respects the ascending trendline, it could provide another buying opportunity.

📊 Let me know your thoughts! 🚀