EURCAD has given a breakout from long-term falling resistance after 4 months.
The pair looks bullish as after the double bottom formation, the price is making higher highs and higher lows.
One can form different strategies here;
1. Buy at the current price
2. Buy on a retest of the trendline.
3. Buy on breakout of horizontal level 1.37713.
Manage your risk accordingly.
The pair looks bullish as after the double bottom formation, the price is making higher highs and higher lows.
One can form different strategies here;
1. Buy at the current price
2. Buy on a retest of the trendline.
3. Buy on breakout of horizontal level 1.37713.
Manage your risk accordingly.
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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.
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.