EURCAD - LONG
Updated
I see the price is forming a strong support zone in the same level. This refers that this support zone is potentially strong for a short term.
Moreover, there were 3 occasions where prices reversed at RSI around 40. Hopefully, this time the price will be reversing and go up trend in a short time again.
Cheers,
Trade with care
Moreover, there were 3 occasions where prices reversed at RSI around 40. Hopefully, this time the price will be reversing and go up trend in a short time again.
Cheers,
Trade with care
Note
The price is moving toward descending trend line. I am looking for a breakout, if the price breakouts the trend line, target profit should be met easily.Regards,
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