#EURCAD;
Price action here has developed very slowly during last months. However, the 200 EMA was respected, confirming the overall uptrend. Indeed, the price is currently trying to break the massive falling wedge, closing the week with strong bullish momentum.
(4H):
If we look closer, we can see that recent consolidation formed a smaller flag. This was already broken to the upside. Now we have to wait for previous high retest (yellow zone) before taking a long position
Price action here has developed very slowly during last months. However, the 200 EMA was respected, confirming the overall uptrend. Indeed, the price is currently trying to break the massive falling wedge, closing the week with strong bullish momentum.
(4H):
If we look closer, we can see that recent consolidation formed a smaller flag. This was already broken to the upside. Now we have to wait for previous high retest (yellow zone) before taking a long position