The EURCAD trading chart has just presented a bullish trading opportunity
As indicated by the bullish harami candlestick pattern just above the 1.42841 horizontal support level.
If the bullish move is strong enough, price could be headed towards the 1.48000 psychological level.
Given that price has already broken below 👇 the trend 📉 line, it could still break above it towards the psychological level earlier mentioned.
The recent downward move, before this reversal indicated by the bullish harami candlestick pattern, was as a result of the positive Consumer Price Indices (CPIs) of the Canadian economy.
As always, do not risk more than you can afford to lose on any one trade.
Happy trading!
As indicated by the bullish harami candlestick pattern just above the 1.42841 horizontal support level.
If the bullish move is strong enough, price could be headed towards the 1.48000 psychological level.
Given that price has already broken below 👇 the trend 📉 line, it could still break above it towards the psychological level earlier mentioned.
The recent downward move, before this reversal indicated by the bullish harami candlestick pattern, was as a result of the positive Consumer Price Indices (CPIs) of the Canadian economy.
As always, do not risk more than you can afford to lose on any one trade.
Happy trading!
