On H4, the downward trend starts on December 22 at EURCAD. In its last part, the trend expanded and made a more impulsive movement.
Last week, however, we saw a very strong rise, which broke the trend line and made a higher peak. This allowed us to see a reversal of the trend.
To confirm that an uptrend has started, we need to see a break of the previous peak and the resistance around 1.5500
This will allow us to see a rise to
1.5608
and
1.5662
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
Last week, however, we saw a very strong rise, which broke the trend line and made a higher peak. This allowed us to see a reversal of the trend.
To confirm that an uptrend has started, we need to see a break of the previous peak and the resistance around 1.5500
This will allow us to see a rise to
1.5608
and
1.5662
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
