EURCAD (Daily): LONG OPPORTUNITY Following the ASCENDING CHANNEL

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TECHNICAL ANALYSIS:
Since the end of July the price has been following a descending channel lasted until the beginning of November, the price then bounced on the main weekly trendline support and started now a new great uptrend.
The price's just reached a daily support area and the channel's dynamic support, the price action around this area will be helpful to understand and confirm the next uptrend!

CONCLUSION:
The new ascending channel seems to be confirmed and it's perfectly working, rejecting the price in the right moment.
Once I'll get a clear confirmation about a new uptrend, I'll definitely plan a long position!

Stay tuned for updates!
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Trade Safe and Responsibly
Gianni