EURCAD correting (current 61.8 FIB)
#EURCAD:
(1D):
Since the end of 2020, the price has been ranging in a massive falling wedge. Since it's break, the pair started trending to the upside, following our overall bullish bias (also confirmed by the 200 EMA). This has not changed.
(4H):
Last push saw the price being stopped by a strong resistance and started retracing. Looking back at the daily, we can see that the price is currently rejecting the 61.8 FIB level.
(1H):
Looking for entry, a small falling wedge created on the 4H corrective form bottom. Currently broken to the upside, i'm waiting for previous high retest + strong bullish confirmation.
(1D):
Since the end of 2020, the price has been ranging in a massive falling wedge. Since it's break, the pair started trending to the upside, following our overall bullish bias (also confirmed by the 200 EMA). This has not changed.
(4H):
Last push saw the price being stopped by a strong resistance and started retracing. Looking back at the daily, we can see that the price is currently rejecting the 61.8 FIB level.
(1H):
Looking for entry, a small falling wedge created on the 4H corrective form bottom. Currently broken to the upside, i'm waiting for previous high retest + strong bullish confirmation.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.