Hello, after a series of successful EURUSD trades , today we will look at a very good EURCAD opportunity. EUR is generally performing steadily for all pairs and we expect a further increase. A good opportunity is an increase in EURCAD.
On the daily chart we see the momentum from the beginning of this year and the long-term correction that reaches 50% Fibonacci.
There the price found support from which it repelled and now we expect an increase.
1) D1 pin bar from support level
At the same time we have a very good trend of H1
2) Entry by trend
We expect the price to initially reach 1.5474! In case of a breakdown we can see higher values.