On H4, the downward trend starts on December 22 at EURCAD. In its last part, the trend expanded and made a more impulsive movement.
Last week, however, we saw a very strong rise, which broke the trend line and made a higher peak. This allowed us to see a reversal of the trend.
To confirm that an uptrend has started, we need to see a break of the previous peak and the resistance around 1.5500
This will allow us to see a rise to
1.5608
and
1.5662
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
Last week, however, we saw a very strong rise, which broke the trend line and made a higher peak. This allowed us to see a reversal of the trend.
To confirm that an uptrend has started, we need to see a break of the previous peak and the resistance around 1.5500
This will allow us to see a rise to
1.5608
and
1.5662
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.