EURCAD gonna FLY 🚀
LONG trade analysis on EURCAD.
Graph is looking bullish to upper trendline. On the chart are clearly seen 2 consecutive bullish cypher patterns meaning that price will rise this time too.
But right now i expect small price drop to support area (due CAD price rising in future days), which was many times hard to break in the past as you can see on the chart.
So you can take this analysis as buy for long term with larger stop-loss, or sell on short term with small stop-loss.
Trade idea is also shown on MACD and RSI indicators.
If you liked this idea or if you have your own opinion about it, write in the comments.
Graph is looking bullish to upper trendline. On the chart are clearly seen 2 consecutive bullish cypher patterns meaning that price will rise this time too.
But right now i expect small price drop to support area (due CAD price rising in future days), which was many times hard to break in the past as you can see on the chart.
So you can take this analysis as buy for long term with larger stop-loss, or sell on short term with small stop-loss.
Trade idea is also shown on MACD and RSI indicators.
If you liked this idea or if you have your own opinion about it, write in the comments.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.