Hi Traders! We have EURCAD bullish opportunity forming at the moment. A detailed analysis of this buy setup is as follows:
EURCAD Daily Chart:
On the daily chart the price which was moving inside a triangle pattern has currently broken above the top of this pattern which may consider as an evidence of bullish pressure. Until the price holds below above the top of this pattern, we may look for more bullish evidences on lower timeframes in order to join the bulls.
EURCAD H4 Chart:
On the H4 chart currently the price is moving higher. We may now look for pullbacks to happen and once the pullback completes itself, we may look for more evidences of bullish pressure and then stat looking for buys.
Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this buy setup then you can use any setup and strategy that you have in your arsenal to look for bullish moves and join this buy trade.
If you want to learn how to do such analysis yourself, if you are looking for a professional team of traders and one of the best online trading communities, If you are looking for enormous archive of Webinars, Trading Tools, Trading Strategies, Books, Indicators, Expert Advisors and much much more, join my traders academy club for only $197 PER YEAR.
Also you can get one of my strategies free of charge. You will find all the details here
Chief Trader at Traders Academy Club