⚠️EURCAD growth in the channel
From September 2020, the price will rise in the channel.
After the breakdown of the channel in March 2020, the price increased.
Additional resistance lines formed at the growth highs: May and July 2020.
In March of this year, the price dropped from these lines and broke through the resistance at 1.515.
After returning to the channel, the price made a false breakout of the 1.487 support line.
However, it then rose to the resistance level 1.518.
And from it again fell to support (lower limit) 1.489.
I expect the price to bounce off the line and rise to resistance (May 2020).
The target is 1.514.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
After the breakdown of the channel in March 2020, the price increased.
Additional resistance lines formed at the growth highs: May and July 2020.
In March of this year, the price dropped from these lines and broke through the resistance at 1.515.
After returning to the channel, the price made a false breakout of the 1.487 support line.
However, it then rose to the resistance level 1.518.
And from it again fell to support (lower limit) 1.489.
I expect the price to bounce off the line and rise to resistance (May 2020).
The target is 1.514.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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