EURCAD is at a Key Support level. Price has formed a W pattern signalling a probable reversal. The H1 bearish trend line has been broken upwards.
We are currently waiting for price to break the W pattern neckline and close above it decisively as our confirmation to buy. Our stop loss goes below the 1.5070 area for a nice 1:2 Risk:Reward Ratio.
Happy Trading & Keep your risk managed.
We are currently waiting for price to break the W pattern neckline and close above it decisively as our confirmation to buy. Our stop loss goes below the 1.5070 area for a nice 1:2 Risk:Reward Ratio.
Happy Trading & Keep your risk managed.