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EURCAD ready to hit the bottom of its upward channel
Euro / Canadian Dollar
EURCAD ready to hit the bottom of its upward channel
By AlbionTrader
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Feb 15, 2017
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Feb 15, 2017
EURCAD has been moving in a wide channel since 2013 and its bottom channel (Turquoise line) has almost been reached now.
Definitely a pair to watch for either a Bounce or a Breakout.
If the bounce for trend continuation is confirmed, this should give us a niiiice movement potentially up to the upper channel.
The pair moves quite slowly so this is probably a strategy for long-term.
Best
AT
albiontrader
bounce
breakout
EURCAD
longterm
Parallel Channel
strategy
Support and Resistance
Trend Lines
AlbionTrader
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