Get started
BankBushBeast

EURCAD - LONG

Long
Euro / Canadian Dollar (OANDA:EURCAD)  
BankBushBeast Updated   
OANDA:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators EURCAD eurcadlong eurcadanalysis eurcadforcast eurcadsignal eurcadsetup
4
1
trendanalysis chartpattern indicator eurcad eurcadlong eurcadanalysis eurcadforcast eurcadsignal eurcadsetup
I see the price is forming a strong support zone in the same level. This refers that this support zone is potentially strong for a short term.

Moreover, there were 3 occasions where prices reversed at RSI around 40. Hopefully, this time the price will be reversing and go up trend in a short time again.

Cheers,
Trade with care
Comment:
The price is moving toward descending trend line. I am looking for a breakout, if the price breakouts the trend line, target profit should be met easily.

Regards,
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.