Going Long on EURCAD
Long EURCAD at market (@ 1.3420)
SL @ 1.3320 & TP @ 1. 3670
Here we can see that the price has already passed through the long term falling trend line and is moving towards the newly formed falling trend line. Hence Bias is Bullish.
Here, it is clear that the price is climbing towards the new falling trend line in the monthly chart after finding support at the rising trend line drawn in this weekly chart.
Here we can see that the price is already bounced from the weekly rising trend line and is moving up with support from a new rising trend line in the Daily chart.
4 Hour Chart
Here also price has started climbing upwards from the rising trend line.
Thank you friends,
Hope it helps,
Good Luck and Good Trading
Please don't forget to put your stop loss. We are not the market movers. Trying to profit from possibilities.