EURCAD: BULLISH movement is over...Waiting for the BEARISH Signs
If we look at the fib line I drawn, we can see that BULLISH movement hitting 1.618 fib level have already occurred. Currently, price level is below 1.0 fib level and we start to see potential rejection occurring for further BEARISH movement. If we look at ichi cloud, we can see that price is moving towards the cloud which could give EURCAD a BEARISH rejection given the case that we are currently within our trend line. This movement could also be a retest after the fakeout as we able to see. I will be expecting BEARISH movement as of now till the support level or 38.2 fib level.
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