EURCAD Bottom of Reversal Structure, Watch for buy

1 May 2022

Hi traders:

EURCAD could be shaping up for the buy that we have been patiently waiting for.

We can see a larger, higher time frame descending structure, correcting the price.

Within the correction, many extra confluences to give us a multi-time frame analysis.

We see a falling wedge, price formed a lower time frame descending channel, and there is a strong impulse up.

To confirm more upside potential, wait for continuation correction to form within the wedge for a high Risk: Reward entry,
or
wait for price to impulse out of the wedge, and look for same bullish continuation correction for a safer entry.

Thank you

10 May 2022

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