TradingView
0
All posts from TradingView
TradingView in TradingView,

EURCAD - Due for a correction

EURCAD - Due for a correction

The weekly chart here https://www.tradingview.com/x/zQwHqzf8/. Not much information. The daily has a very nice H&S pattern forming which calls for lower prices, but this pair rejected all attempts to cross below 1.40. Besides this, there is a class B bullish divergence on the MACD lines, and the impulse is green already after a bullish engulfing candle. Main target at 1.44, but I might leave something on the table, depending how this pair will react at that level. Second target at 1.46. I don't see any reason to hold above that level.