EURCAD - Descending triangle. One more push to the upside?
EURCAD moving within the descending triangle formation, however finding strong support at the highlighted demand region which it has not been able to break for some time now.
Price again seems to be respecting this zone and I believe we may have further upside movement before a break/selloff occurs to the downside.
Potential +160 pip movement to meet the descending trendline. Stops can be placed below the previous lows. Great R:R on this trade!
Price again seems to be respecting this zone and I believe we may have further upside movement before a break/selloff occurs to the downside.
Potential +160 pip movement to meet the descending trendline. Stops can be placed below the previous lows. Great R:R on this trade!
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