#EURCAD:
(1D):
The overall outlook is showing an uptrend, confirmed by the 200 EMA, currently retracing in a massive descending triangle, given the strong support at 1.545. If this won't hold, we would probably see a bias switch.
(4H):
Zooming in, we notice how the leg down formed with a clear bearish structure, but got a strong rejection at current support, which led to a new higher low formed
(1H):
Since a new higher low has just been confirmed, we could expect more upside to come. However, what i want to see is a clear bullish continuation pattern on the 1H
(1D):
The overall outlook is showing an uptrend, confirmed by the 200 EMA, currently retracing in a massive descending triangle, given the strong support at 1.545. If this won't hold, we would probably see a bias switch.
(4H):
Zooming in, we notice how the leg down formed with a clear bearish structure, but got a strong rejection at current support, which led to a new higher low formed
(1H):
Since a new higher low has just been confirmed, we could expect more upside to come. However, what i want to see is a clear bullish continuation pattern on the 1H