EURCAD Bottom of Reversal Structure, Watch for buy
Diupdate
Hi traders:
EURCAD could be shaping up for the buy that we have been patiently waiting for.
We can see a larger, higher time frame descending structure, correcting the price.
Within the correction, many extra confluences to give us a multi-time frame analysis.
We see a falling wedge, price formed a lower time frame descending channel, and there is a strong impulse up.
To confirm more upside potential, wait for continuation correction to form within the wedge for a high Risk: Reward entry,
or
wait for price to impulse out of the wedge, and look for same bullish continuation correction for a safer entry.
Thank you
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