EURCAD DAILY TIMEFRAME ANALYSIS
1. Volume: In the daily timeframe there is a buyers break of the resistance 1.46094 with high volume.
2. Order Block: Following the volume confirmation, the price confirms the O.B and turns bullish.
3. Elliot wave: Based on Elliot wave theory, the pair is likely to retrace the second wave before moving bullish again.
4. Moving averages: The moving averages acts as support in the daily timeframe and further indicates that the overall bias is bullish.
5. The best zone to look for buying opportunities is around the price 1.46000 in a lower timeframe.
N/B: Use proper risk management strategies
2. Order Block: Following the volume confirmation, the price confirms the O.B and turns bullish.
3. Elliot wave: Based on Elliot wave theory, the pair is likely to retrace the second wave before moving bullish again.
4. Moving averages: The moving averages acts as support in the daily timeframe and further indicates that the overall bias is bullish.
5. The best zone to look for buying opportunities is around the price 1.46000 in a lower timeframe.
N/B: Use proper risk management strategies
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