ForexTrendline

Is a new rise starting?

Viés de alta
FX_IDC:EURCAD   Euro / Dólar Canadense
After buying several times last month, we saw a price drop in August.

Now, however, we see the first signs of exhaustion of this movement.
-The strength of the trend is decreasing;
-We see a breakthrough of the last downward momentum;
- We already have a higher bottom on H1 chart.

These are the first signs that the downward movement is over.

In case of a breakthrough and the trend of H4 we can expect a new rise.
Current entries are riskier, but with a better ratio!

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