EXPECTAIONS ON EURCAD

Tendency: Uptrend ( Bullish )
Structure: Supply & Demand | Wedge | Breakout
Observation: i. Since hitting Demand zone in Sep 2019, there has been a consistent rejection of this zone.
ii. Price is hovering around the Demand zone again and forming a falling Wedge.
iii. Breakout of Wedge incites uptrend tendencies.
iv. Price above our Moving Averages on lower time frames.
Trading plan: BUY possibility with a minimum potential profit of 250 pips.
Risk/Reward: 1/3
Potential Duration: 3 to 7 days

Watch this space or Telegram channel for updates on lower time frames as price action is been monitored.


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