EUR/CAD | Possible Bullish Continuation

EUR/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.43597, 1.44263, 1.44859

Key Support Levels: 1.41673, 1.41355, 1.41002

4-Hour Chart:

We saw a breach of the long term diagonal resistance line and fell back under it. I believe that was an initial test of the breakout and we may now begin to accumulate for another attempt.

EUR/CAD Medium-Term Trend: Bullish

1-Hour Chart:

We have seen what may be the first bullish impulse followed by a pull back. We are now trading what may be another local bottom, followed by a possible bullish extension.

Signal Idea:

Buy Market order @ 1.42028

TP 1 @ 1.43597

TP 2 @ 1.46169

Stop Loss @ 1.41008

Trade Safely 🙂