đź’± EURCAD - An ascending triangle may continue the trend
EURCAD is forming a pattern that can continue trend formation. On the chart we see an ascending triangle and a rebound from support. I am waiting for a breakout of resistance
Prerequisites for further growth:
1) Fundamentally, EUR has a positive background
2) Bullish trend
3) Rising triangle and bounce from support
4) Price forms resistance retest
5) Waiting for a retest followed by a breakout: 1.47800 - 1.47890
Key support: 1.4747, 1.4726
Key resistance: 1.4789
Prerequisites for further growth:
1) Fundamentally, EUR has a positive background
2) Bullish trend
3) Rising triangle and bounce from support
4) Price forms resistance retest
5) Waiting for a retest followed by a breakout: 1.47800 - 1.47890
Key support: 1.4747, 1.4726
Key resistance: 1.4789
❤️ Telegram channel: t.me/AndeWave
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
❤️ Telegram channel: t.me/AndeWave
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.