The Euro Canadian Dollar had a strong impulse move to the upside from mid February to the middle of March. This move then stagnated and formed this bullish continuation falling wedge pattern.
The bullish bias cannot be confirmed until there is a breakout of resistance. However another small move to the downside may cause it to bounce off support and provide good risk:return.
If you have any ideas supporting or on the contrary to my opinion please leave a comment.
Thank you and happy trading :)
Disclaimer: This is not financial advice.
The bullish bias cannot be confirmed until there is a breakout of resistance. However another small move to the downside may cause it to bounce off support and provide good risk:return.
If you have any ideas supporting or on the contrary to my opinion please leave a comment.
Thank you and happy trading :)
Disclaimer: This is not financial advice.