{4H, $EURCAD}
The general price movements is in an ascending-channel after confirm the support/resistance-levels.
{ Previous Price Action}
while the price keep making Lower lows / higher lows it got recently rejected by the Support-level of the major-ascending-channel while making some Fakeouts, overall the price made a Rectangle-pattern and confirm itself by reject the price multi-times.
{Current State}
price still not showing any signals of trend-reversal while it's still inside the pattern with no confirmation of potential breakout yet.
{The Plan}
in order to trade following the general trend we should wait for price to breakout the pattern and start making HH/HL and confirm its direction.
{Alerts}
Set Alert at (1.4994) level to catch next Long movements after breakout & getting all Confirmations
{Valid Pattern}
Rectangle-pattern
stocktwits.com/itsFi...as/message/178266824
{HQ Chart}
ibb.co/SJHh1ZQ
The general price movements is in an ascending-channel after confirm the support/resistance-levels.
{ Previous Price Action}
while the price keep making Lower lows / higher lows it got recently rejected by the Support-level of the major-ascending-channel while making some Fakeouts, overall the price made a Rectangle-pattern and confirm itself by reject the price multi-times.
{Current State}
price still not showing any signals of trend-reversal while it's still inside the pattern with no confirmation of potential breakout yet.
{The Plan}
in order to trade following the general trend we should wait for price to breakout the pattern and start making HH/HL and confirm its direction.
{Alerts}
Set Alert at (1.4994) level to catch next Long movements after breakout & getting all Confirmations
{Valid Pattern}
Rectangle-pattern
stocktwits.com/itsFi...as/message/178266824
{HQ Chart}
ibb.co/SJHh1ZQ