- April 29, 2020
- Posted by: Tradingshot Articles
- Category: Forex
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Pattern: Pull back towards the 1W MA50.
Signal: Bullish once the price makes contact with the 1W MA50. It is a recurring pattern since 2014. After a Channel Down, the price breaks upwards the then pulls back for a bounce on the 1W MA50 before making a new High.
Target: 1.6000 (just below the Resistance).
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Tradingview link:
https://www.tradingview.com/chart/EURCAD/QkovhYxW-EURCAD-Buy-Signal