A possible buy trade on EURCAD
The price on EURCAD is at a key horizontal level. If the price breaks out of this level, and candles start closing above it (making wicks below this level), that'll be a good sign supporting the possibility of an upward move. If the candles start closing below this level (making wicks on top), then that'll be the sign that the price might get rejected by this level. Then a downward move might be possible.
Personally, I am keeping an eye on the upper most trend line. My perception is that the price might continue upwards from here on, at least up to that upper most trend line.
Personally, I am keeping an eye on the upper most trend line. My perception is that the price might continue upwards from here on, at least up to that upper most trend line.
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