EURCAD: TRIPLE TOP. REMAINING BULLISH
PRICE IS APPROACHING A TRIPLE TOP FORMATION AT A MINOR MONTHLY SUPPLY LEVEL
PRICE HAD MADE A NEW LOW FOLLOWED BY A LOWER HIGH, HOWEVER PRICE THEN FAILED TO MAKE A NEW LOW BRINGING PRICE BACK UP TO THE 0.618 FIB LEVEL.
A CLOSE ABOVE 1.565 LEVEL FOR A CONTINUED MOVE TO THE UPSIDE WITH TARGET OF 1.623
WHICH IS ALIGNED WITH THE 0.764 FIB AS WELL AS 1.27 FIB EXTENSION!
ANOTHER REJECTION OF THE 0.618 LEVEL FOLLOWED BY OTHER BEARISH CONFLUENCES WOULD SEE PRICE FALL BACK DOWN TO PREVIOUS DEMAND
1.141
PRICE HAD MADE A NEW LOW FOLLOWED BY A LOWER HIGH, HOWEVER PRICE THEN FAILED TO MAKE A NEW LOW BRINGING PRICE BACK UP TO THE 0.618 FIB LEVEL.
A CLOSE ABOVE 1.565 LEVEL FOR A CONTINUED MOVE TO THE UPSIDE WITH TARGET OF 1.623
WHICH IS ALIGNED WITH THE 0.764 FIB AS WELL AS 1.27 FIB EXTENSION!
ANOTHER REJECTION OF THE 0.618 LEVEL FOLLOWED BY OTHER BEARISH CONFLUENCES WOULD SEE PRICE FALL BACK DOWN TO PREVIOUS DEMAND
1.141
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