EURCAD: Top-Down Analysis & Trading Plan 🇪🇺🇨🇦

١٧ مارس ٢٠٢٣

EURCAD is approaching a peculiar horizontal demand zone.
The price formed a doji candle, testing that on a daily.

Analyzing a 4H, I spotted a double bottom with a higher low.
1.458 - 1.462 is its neckline.
If the price breaks and closes above that on 4H, I will expect a bullish movement.

Goals will be 1.469 / 1.473.

If the price sets a new low though, the setup will become invalid.

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