EURCAD - Reversal Signal
Hello traders! How's trading?
I am back with another post and in this post I am going to show you my view for the EURCAD pair. We have just started a new month and I really hope we can start it strong.
If we look at the EURCAD pair on daily chart, the price has just broken September's Low and is now sitting around 1.442 level. The MACD indicator is forming a bullish divergence which could mean a reversal signal for us. I will wait for the MACD Lines to move a bit bullish and the histogram to show a bullish signal. For this pair, I prefer to BUY. Because we are using daily chart, it will take longer to see the price move. Be patient :)
Let's see how it goes,
Good luck, happy trading!
Rico Ferdinand Yapotra
Chart Disclaimer : This is not advice or recommendation to trade. It is pure educational and general information only. Do your own research before you decide to buy/sell the markets. Be aware of the risks.