EURCAD IDEA
Updated
The pair have reached an area of buy high volume which occurred in march 2020. We can see that on the weekly chart a rejection candle has formed exactly on this area. A long position can be takes after price confirm with an higher low, and a rejection of the next month central pivot. Target can be set at the new month R2 or on the Q1 2021 POC volume area.
Note
Weekly rejection candle
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