EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.44183, 1.44667, 1.45169.
Key Support Levels: 1.43413, 1.42449, 1.41713.
Daily Time Frame:
The price on the higher time frame failed to continue its move to the downside below the 1.43000 CAD mark where it posted a big bodied bullish bar and closed above it. This could lead to a move higher and most probably to a reversal and change in direction.
EUR/CAD Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price is traded inside a bullish flag formation indicating that a continuation to the upside is possible after the breakout. A lower correction is expected before the mention new bullish impulsive wave toward the target profits.
Buy Limit Order @ 1.43469
TP 1 @ 1.44120
TP 2 @ 1.44646
Stop Loss @ 1.43205
Trade Safely 🙂