EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.44400, 1.44890, 1.45000.
Key Support Levels: 1.43983, 1.43730, 1.43580.
The price on the higher time frame found support around the 1.44000 CAD mark after it succeeded to break the previous resistance level (now support). We noticed a small consolidation phase under the support level which indicates that a continuation of the main trend to the upside is about to happen.
EUR/CAD Medium-Term Trend: Bullish
On the lower time frame, the market succeeded to break the triangle to the upside where the bulls are overwhelming the sellers. A lower correction could be seen before a new impulsive wave toward the mentioned target profits below.
Buy Limit Order @ 1.43874
TP 1 @ 1.44400
TP 2 @ 1.44890
Stop Loss @ 1.43613
Trade Safely 🙂