Potential Long Oppurtunity
Falling wedge pattern has been formed. price has yet to breach wedge resistance.
Price is also at structural resistance as well and is testing it with little rejection
RSI is breaching resistance as well. It appears it will break RSI resistance, which if broken, will be RSI support
MACD has crossed
Stochastics has crossed from oversold conditions
We have a bullish bias on daily time frame. Large bullish engulfing candle
EURCAD
Target- 1.5322
Falling wedge pattern has been formed. price has yet to breach wedge resistance.
Price is also at structural resistance as well and is testing it with little rejection
RSI is breaching resistance as well. It appears it will break RSI resistance, which if broken, will be RSI support
MACD has crossed
Stochastics has crossed from oversold conditions
We have a bullish bias on daily time frame. Large bullish engulfing candle
EURCADTarget- 1.5322
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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.