Long EUR/CAD
4H:
Price retraced back to uptrend support channel confluence with horizontal support line at 1.5850
1H:
If price breaks above the downtrend blue line, there is a potential H&S formation.
And if price is supported above the 4H horizontal support line at 1.5850, it could signal a bullish wave upwards.
Position: Long
Entry: 1.586
Stop Loss: 1.571
Target: 1.616
Risk:Reward = 1:2
Price retraced back to uptrend support channel confluence with horizontal support line at 1.5850
1H:
If price breaks above the downtrend blue line, there is a potential H&S formation.
And if price is supported above the 4H horizontal support line at 1.5850, it could signal a bullish wave upwards.
Position: Long
Entry: 1.586
Stop Loss: 1.571
Target: 1.616
Risk:Reward = 1:2
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