Euro / Canadian DollarUpdated EURCAD turning point
EUR CAD has reached the top of a downward channel inside of a much larger upward channel. It has formed a bullish pennant pattern and is now retesting the break out. If it moves above my channel line I will look for a buy to 1.5130. If it forms a sell signal at the top of the channel I will look for a sell. Watching this one carefully
Trade active
Trade is moving along nicely. Stalled at first major target. A pullback may take us to the overall target of 1.5361Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.