Greetings Forexia family lets break down the analysis on EURCAD. So far i can see that the pair had been forming the downtrend for a month.
Besides, i can see the obvious trendline that formed and been tested multiple times which makes it valid for the majority of traders to go short.
Moreover, i can see that the pair broke the support and made the against move against sellers.
The previous wick got filled along with trapping the sellers through breaking and retesting the support.
I believe its highly likely that the pair is going to go up.
PLEASE USE THIS ANALYSIS AS A GUIDE TOOL FOR YOUR TRADING AND USE PROPER MONEY MANAGEMENT IN YOUR TRADING