Analysis on #eurcad
Price is in a correction wave, we can see lack of bearish momentum as we have a hidden positive divergence on MACD.
price tested the zone between 50 and 61.8 of Fibo. levels.
If the triangle pattern breaks from above we can enter a long position, and our target is shown in the chart.
price tested the zone between 50 and 61.8 of Fibo. levels.
If the triangle pattern breaks from above we can enter a long position, and our target is shown in the chart.
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.