EUR/CAD UPDATE

By TheDayzen
Updated
EUR/CAD retraced to the 0.312 fib level which is in confluence with the support of the neckline of the H&S formed on the trendline. This comes to confirm a bullish move to complete the pattern of the Impulse correction impulse. We expect this par to go even higher overtime. This is a 1/3.5 RR setup.
MACds are showing bullish environment so this is also another confirmation.

If you enjoyed this analysis please like and share.

Trade safe !!
Trade active
Trade closed: stop reached
Beyond Technical AnalysisCADEUREURCADFibonacci RetracementTechnical IndicatorsLONGTrend Analysis
TheDayzen

Disclaimer