Hi everybody !
Since my monumentally failed last trade on CHF due to an unexpected SNB's decision , I come back with this trade which could be, I hope, a good one this time.
Considering the situation with Greece which seems to get better we could see a nice move up on EURCAD.
On the technical view, we are at the bottom of a falling wedge which could end with a strong move up. Moreover, the MACD starts to reversing up supporting my long view on EURCAD.
We have to monitor 1.34 level considering a break above this resistance could lead to a nice uptrend to 1.44 level.
View on 4H timeframe :
Best Regards,
Serge
Since my monumentally failed last trade on CHF due to an unexpected SNB's decision , I come back with this trade which could be, I hope, a good one this time.
Considering the situation with Greece which seems to get better we could see a nice move up on EURCAD.
On the technical view, we are at the bottom of a falling wedge which could end with a strong move up. Moreover, the MACD starts to reversing up supporting my long view on EURCAD.
We have to monitor 1.34 level considering a break above this resistance could lead to a nice uptrend to 1.44 level.
View on 4H timeframe :
Best Regards,
Serge
