EUR/CAD Waiting for the Breakout
🔸4H CHART EXPLANATION:
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🔸Price broke the Major structure after bouncing at the Support Zone, and then did a corrective structure.
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🔸As we can see, it did not break the structure to the upside, so, our bullish view was cancelled.
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🔸Now, we are waiting for a breakout of the Support Zone before considering a bearish position on this pair.
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🔸 Will look for a lower timeframe bearish setup
.
.
🔸Price broke the Major structure after bouncing at the Support Zone, and then did a corrective structure.
.
🔸As we can see, it did not break the structure to the upside, so, our bullish view was cancelled.
.
🔸Now, we are waiting for a breakout of the Support Zone before considering a bearish position on this pair.
.
🔸 Will look for a lower timeframe bearish setup
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