EURCAD

Breakout on the upside of a descending channel within an uptrend is a good continuation indicator of the 11 month uptrend.

SUMMARY.

Zooming in to a lower timeframe will give you a better position to time the entry to the potential bull rally following  price action confirmation.

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.