FX:EURCAD   Euro / Canadian Dollar
- Firstly we can see that there have
been 3 tests along the support line I have drawn.

- Using the Ichimoku we can see that the conversion and baseline have begun to crossover signalling a potential new trend reversal. Additionally, we have a green bullish candle pushing out above the cloud which meets the rules for a long position.

- However, I would wait for green candles to push and fully form above the 0.236 FIB level before entering any long trade.

TP1 at the 0.382 level.
TP2 at the 0.5 level.

very new at trading and any comments or criticisms to improve are more than welcome.
Comment: testing resistance at the 0.236 level potential of push down to previous support to then gain momentum to the upside.


Nice tripple bottom buddy.
+1 Reply
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