EURCAD 4 Hour Analysis (20 June 2023)
1. Price is in ascending channel
2. also, the current price is in consolidation
or range
3. we can see the Stochastic is in oversold
region and we can observe the divergence also
4. Possible scenario: if the channel and
consolidation breaks from downside,
we can enter short
or, with divergence and consolidation box
breaks from upside, we can go for long
1. Price is in ascending channel
2. also, the current price is in consolidation
or range
3. we can see the Stochastic is in oversold
region and we can observe the divergence also
4. Possible scenario: if the channel and
consolidation breaks from downside,
we can enter short
or, with divergence and consolidation box
breaks from upside, we can go for long