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Falling Wedge - EURCAD
Beautiful opportunity to go bullish on EURCAD.
This will be a position trade. I am expecting at the very least 500 pips before i sell.
Reasons:
- Bullish falling wedge coming to a tight squeeze
- MACD blue signal crossing upwards gaining momentum
- RSI not very overbought not oversold
- Moving averages are not oscillating in waves very frequently, signaling a breakout
This will be a position trade. I am expecting at the very least 500 pips before i sell.
Reasons:
- Bullish falling wedge coming to a tight squeeze
- MACD blue signal crossing upwards gaining momentum
- RSI not very overbought not oversold
- Moving averages are not oscillating in waves very frequently, signaling a breakout
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