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BankBushBeast

EURCAD - LONG

Long
Euro / Dollaro canadese (OANDA:EURCAD)  
BankBushBeast Aggiornato   
OANDA:EURCAD   Euro / Dollaro canadese
Trend Analysis Chart Patterns Technical Indicators EURCAD eurcadlong eurcadanalysis eurcadforcast eurcadsignal eurcadsetup
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trendanalysis chartpattern indicator eurcad eurcadlong eurcadanalysis eurcadforcast eurcadsignal eurcadsetup
I see the price is forming a strong support zone in the same level. This refers that this support zone is potentially strong for a short term.

Moreover, there were 3 occasions where prices reversed at RSI around 40. Hopefully, this time the price will be reversing and go up trend in a short time again.

Cheers,
Trade with care
Commento:
The price is moving toward descending trend line. I am looking for a breakout, if the price breakouts the trend line, target profit should be met easily.

Regards,
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