EURCAD - Buyers cant take control
- We had a false breakout to the upside where price just broke straight back below
- Yesterdays daily candle also closed as a bearish engulfing candle
- We have broken out of the ascending trendline with strong 4hour candle closes
- Price is already pulling back not only to previous support to use it as resistance but also the ascending trendline. Lets see how price reacts
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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.