EURCAD 2H LOOK
Several important price structure has been printed so far on the EURCAD. Lots of trades taken with some profits and losses. But if asked where is priced headed next, do you thin there is enough structure printed yet for directional bias and a trade execution?
Judging from the daily perspective, there's every reason that the bearishness could still continue since there is no indication of higher highs yet. However lower timeframes have shown some signs of bullish move but there is yet no confirmation for this.
Fundamental analysis could say a thing or two due to recent news release and recent events but sticking to charts, there are still further structures to be broken for a bullish sentiment to hold else the original bearish trend could still hold
A break of 1.31420 signals a possible bullish market for a 2H range trader whereas aa break of 1.32931 could signal a daily possible bull moves.
Reach out on the comment sections on your analysis on this to throw more light...
Judging from the daily perspective, there's every reason that the bearishness could still continue since there is no indication of higher highs yet. However lower timeframes have shown some signs of bullish move but there is yet no confirmation for this.
Fundamental analysis could say a thing or two due to recent news release and recent events but sticking to charts, there are still further structures to be broken for a bullish sentiment to hold else the original bearish trend could still hold
A break of 1.31420 signals a possible bullish market for a 2H range trader whereas aa break of 1.32931 could signal a daily possible bull moves.
Reach out on the comment sections on your analysis on this to throw more light...
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.