EURCAD - Divergence on MACD will lead to Bullish Breakout
Updated
EURCAD has formed bullish divergence on MACD scale and is currently testing resistance marked by falling trendline. Price also seems to be in the midst of forming head and shoulders pattern. We can expect bullish breakout once price climbs above the resistance zone.
Note
We had a breakout. Now bullish continuation seems very likely.Trade closed: target reached
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