EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.4438, 1.4470, 1.4557
Key Support Levels: 1.4259, 1.4207, 1.4120
The price on the higher time frame has shown trend reversal after bouncing back from the trendline. We have also recently seen rejection wicks in the candles and the pair has broken an upper trendline. A bullish trend should be maintained as long as the price sustains above the line.
EUR/CAD Medium-Term Trend: Bullish
On the lower time frame, the price has formed a higher-high, higher-low formation and recently the pair has broken a minor resistance at 1.4311. There is good protection from the downside. With some momentum in price, we could see a good trend continuation.
Buy Limit Order @ 1.4331
TP 1 @ 1.4435
TP 2 @ 1.4497
Stop Loss @ 1.4279
Trade Safely 🙂