EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.5190, 1.5201, 1.5270
Key Support Levels: 1.5075, 1.4987, 1.4919
The price on the higher time frame is in an uptrend where it posted higher highs and lows. lately, it reacted on the 1.4987 USD support level, and left a correction count before starting to trend upward again.
EUR/CAD Medium-Term Trend: Bullish
On the 1-hr time frame, the pair is trading inside a wedge formation where the price managed to break the strong resistance to the upside. A break of the wedge is expected to the upside to be able to continue trending in the same direction of the main trend.
Buy Market Order @ 1.5079
TP 1 @ 1.5166
TP 2 @ 1.5190
Stop Loss @ 1.5051
Trade Safely 🙂