EURCAD Look for bullish reversal from the bottom

7 במרץ 2021

Hello traders:

Looking at EURCAD for the strong bullish price action to reverse.

We see price has been in a deeper consolidation since the last HTF bullish impulse. Price started to from that channel/flag structure, correcting the price.

Latest price action has once again reach the bottom, and looking like a bullish flag/channel is about to finish, and we can expect the next bullish impulse from the lower time frame.

I would be patient and wait for some sort of LTF reversal correction to form, and a strong bullish impulse to confirm the buy entry.

Thank you