EURCAD on the long term has been forming the popular Bullish Cup and Handle pattern in the D1 timeframe.
The 200 EMA is currently signaling the beginning of a bullish trend in the H4 timeframe.
After drawing the charting pattern(triangle) we have made an entry upon seeing a rejection of the price 1.55770 at the bottom of the triangle
The current price target is 1.57519(key resistance)
The stop loss is at 1.55671
This is my first trading idea.
Comments and Constructive Criticism are welcomed
The 200 EMA is currently signaling the beginning of a bullish trend in the H4 timeframe.
After drawing the charting pattern(triangle) we have made an entry upon seeing a rejection of the price 1.55770 at the bottom of the triangle
The current price target is 1.57519(key resistance)
The stop loss is at 1.55671
This is my first trading idea.
Comments and Constructive Criticism are welcomed