Hey guys,
I was asked a lot about my view on EURCAD and where is the safest place to buy.
As the pair reached 1.47 I was very skeptical in bullish continuation and I was expecting the retracement.
Now the market is approaching a significant support area and I am paying close attention to a highlighted zone.
I will be waiting for a bullish breakout of a falling parallel channel as a confirmation signal to open long.
My stop will go below the lowest point of the channel
and target levels will be 1.462 and 1.468
*if you have a question, leave it in a comment section
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.