EURCAD ready to hit the bottom of its upward Channel

EURCAD has been moving in a wide channel since 2013 and its bottom channel (Turquoise line) has almost been reached now.

Definitely a pair to watch for either a Bounce or a Breakout.

If the bounce for trend continuation is confirmed, this should give us a niiiice movement potentially up to the upper channel.

The pair moves quite slowly so this is probably a strategy for long-term.

Best
AT