EURCAD

With price at the neckline of our double bottom and at the same time the resistance of the ascending channel. Our vigilance is called for as to whether price will break out or be resisted back to the support of the triangle.

SUMMARY.

This is an important price confluence area and we will follow price on a breakout or a reversion of price back to the support of the triangle.


DISCLAIMER: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.