EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.4277, 1.4339, 1.4398
Key Support Levels: 1.4153, 1.4087, 1.3957
The price on the higher time frame has reversed the direction after it found support at the 1.2987 level. The pair has broken a few resistance levels with good momentum and formed a higher high pattern which indicates a bullish bias.
EUR/CAD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.3957 and 1.4087 and sustained above that. The pair has now broken and retested a minor level of 1.4153 before continuing the momentum.
Buy Stop Order @ 1.4201
TP 1 @ 1.4269
TP 2 @ 1.4371
Stop Loss @ 1.4133
Trade Safely 🙂