EURCAD - In Bullish TrendThis pair is in bullish trend with a weak divergence. A trend line is drawn and chart has tested the trend line on various occasion. Weak divergence may affect the chart to go sideways and the chart has also broken its R1 level. Looking at their indices (EXY & CXY), EXY is is bullish and the latter one is bearish which is an indication of LONG trade option. I have done this analysis on 1H time frame.
The Signal is:
EP: 1.49911
SL: 1.49481
TP: 1.50770 (1:2)
RR: 0.25%
Lots: 0.07