Neat Channel Forming, set a buy limit and forget about t
It has been showing a lack of buyers.Sellers seem adamant. Sellers will look to give up and sell at the top again #gutfeeling
Either breaks out of the trendline, or goes right up. Either way long
My own analysis for EURCAD to be: Long in the near future, and then short all the way. Not specifying a level here, because we can never tell where it will reverse. Keep a lookout for potential reversals
Accumulating triangle, with stochastic pointing to undersell. Quite an aggressive trade, but this points to it breaking out upside. Daily trend points to gradual increase in price RR ratio about 1:4. Taking the chance without confirmation
In the coming days, likely to drop, and then retrace. First short at immediate term. Long term will be buy at either position depending on candlestick pattern