Lingrid | EURCAD long from SUPPORT zone for FX:EURCAD by Lingrid

Lingrid | EURCAD long from SUPPORT zone

The price perfectly fulfilled my last idea. It hit the target. is showing a sideways trend, with lower highs and higher lows. The price is moving toward the key level of 1.49000 and the edge of a channel. On the 1H chart, the market is forming an ABCD pullback, which often leads to a price reversal after completion. I think we will see short term bullish momentum if the price rejects the support level. The support level has been respected multiple times, and I anticipate that the price will bounce off this support and then retest the downward trendline. My goal is resistance zone around 1.49780

Lingrid | EURCAD Divergence At the Strong RESISTANCE zone

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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