Euro/Canadian Dollar look bullish in H1 and H4 timeframe. Now, I will explain very well what happen in each timeframe in my way
We se a bullish divergence in the RSI in H4 timeframe, and the price look bullish in this side. Also, we are in the resistance zone around $1.3055 CAD, but this could be invalided as our key resistance it's around $1.3160 CAD. Because in Daily timeframe as we forming a bullish envolving pattern, the price could to lead to the upside and following in H4 timeframe that look bullish case.
i will put a buy order place to $1.2965 CAD, Stop Loss to $1.2926 CAD and take profit to $1.3160 CAD. And this can be a huge opportunity of 195 pips to earn.
In H1 timeframe our best support it's around in the previously lower high or in the blue dark zone that it's our best zone to buy and not now as this could be a smart zone to bought
I hope hope that this idea support you
Good luck!!!
We se a bullish divergence in the RSI in H4 timeframe, and the price look bullish in this side. Also, we are in the resistance zone around $1.3055 CAD, but this could be invalided as our key resistance it's around $1.3160 CAD. Because in Daily timeframe as we forming a bullish envolving pattern, the price could to lead to the upside and following in H4 timeframe that look bullish case.
i will put a buy order place to $1.2965 CAD, Stop Loss to $1.2926 CAD and take profit to $1.3160 CAD. And this can be a huge opportunity of 195 pips to earn.
In H1 timeframe our best support it's around in the previously lower high or in the blue dark zone that it's our best zone to buy and not now as this could be a smart zone to bought
I hope hope that this idea support you
Good luck!!!
