EURCAD long term trade.
Every time price has hit this trend line, the area targeted for this trade has been hit. Weekly candle closing as an inverted hammer. Previous price action on the daily chart shows that price has had two touches of the trend line, forming some sort of W structure, sometimes a double bottom which has now happened before the bullish movement. Very nice risk reward on this trade. Longer term target being the higher trend line which i will take into consideration once we break the descending trend line targeted now.
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