EURCAD - Bullish on H4 to 1.4328 area
I can see the following:
1. Bullish Divergence: Price made a higher low while RSI made a lower low
2. Missed Daily Pivot @ 1.4328 - Price is going to attempt to reach this level
3. Price broke a 1st aggressive trendline and is gravitating to the 2nd trendline
4. A break above the second trendline validates the setup
5. Entry on the 15M time frame - expecting price to pull back a little bit before heading to the north
6. EUR/CAD is still bearish on the bigger time frame, this is a counter trend trade.
1. Bullish Divergence: Price made a higher low while RSI made a lower low
2. Missed Daily Pivot @ 1.4328 - Price is going to attempt to reach this level
3. Price broke a 1st aggressive trendline and is gravitating to the 2nd trendline
4. A break above the second trendline validates the setup
5. Entry on the 15M time frame - expecting price to pull back a little bit before heading to the north
6. EUR/CAD is still bearish on the bigger time frame, this is a counter trend trade.
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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.