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EUR/CAD Technical Analysis 13/08/2020

by | Aug 15, 2020 | Technical and Fundamental | 0 comments

Overall Trend for EurCad is Bullish, sellers are trapped and we see market makers returning to the bullish trend. Market has formed a W at the bottom, now we wait for a break and retest of the 1.5655 level for further confirmation of a buy. The green lines represent the different TP zones at Fibonacci levels. SL is just below the last spike at the second leg of the W formation.

<a href=”https://www.tradingview.com/x/c4mSfooG/”>https://www.tradingview.com/x/c4mSfooG/</a> – 1hr Chart

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