EURCAD LONG/SHORT BIAS
On EURCAD we have this long holding bullish flag on the DAILY and 4H chart, we are yet inside the flag channel, but I've more of bullish bias probably price will be breaking out of the flag soon to upside, we've been seeing a no of higher low inside the flag channel which I've them marked red.
I will be looking for how price will hold 1.5285 zone, which is significant zone also the 38 Fibonacci of the swing low to swing high of last week, if price held the 1.5285 we will be looking out for the 1.5425 zone as possible TP one for the bullish trade... then if price break out and move above the 1.5425 then that means we are getting out of the flag for the next big bullish pole move...
Otherwise are still in the flag channel.
I will be looking for how price will hold 1.5285 zone, which is significant zone also the 38 Fibonacci of the swing low to swing high of last week, if price held the 1.5285 we will be looking out for the 1.5425 zone as possible TP one for the bullish trade... then if price break out and move above the 1.5425 then that means we are getting out of the flag for the next big bullish pole move...
Otherwise are still in the flag channel.
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