On the EURCAD H4 chart, here we can see a bullish potential based on the SNR Chart pattern + stochastic indicator.
Technically there are 2 reasons that make this bullish:
1. Several times the price can't breakout the support area.
2. There is a crossover on the stochastic 5 3 3.
Historically, when the price touches the support area and a crossover occurs, the price will be bullish going forward, but a breakout of the support area also possible.
This is my
EURCAD
trading plan, how about you?
Technically there are 2 reasons that make this bullish:
1. Several times the price can't breakout the support area.
2. There is a crossover on the stochastic 5 3 3.
Historically, when the price touches the support area and a crossover occurs, the price will be bullish going forward, but a breakout of the support area also possible.
This is my
EURCAD
trading plan, how about you?