EUR/CAD (45-minute timeframe), here’s the breakdown:
1. Pattern Identification:
This looks like an ascending channel pattern. Price is moving between two upward-sloping parallel trendlines, respecting both the lower support trendline and the upper resistance trendline.
2. Target:
Your chart’s own markup shows a target point around 1.61170, which is near the upper boundary of the channel.
3. Support & Resistance Levels:
Support:
1.60074 (nearest horizontal support)
1.59590 (lower trendline area)
Resistance:
1.60880 (minor resistance)
1.61170 (major resistance / target area)
The price action suggests a potential short-term bullish move toward that upper resistance unless it breaks below the channel support.
1. Pattern Identification:
This looks like an ascending channel pattern. Price is moving between two upward-sloping parallel trendlines, respecting both the lower support trendline and the upper resistance trendline.
2. Target:
Your chart’s own markup shows a target point around 1.61170, which is near the upper boundary of the channel.
3. Support & Resistance Levels:
Support:
1.60074 (nearest horizontal support)
1.59590 (lower trendline area)
Resistance:
1.60880 (minor resistance)
1.61170 (major resistance / target area)
The price action suggests a potential short-term bullish move toward that upper resistance unless it breaks below the channel support.
Trade active
target reached
✅JOIN FREE TELEGRAM
✅t.me/+atTT3a4htZ8yZjQ0
✅DAILY 3-4 SIGNALS
✅ALL PAIRS CRYPTO & GOLD
✅t.me/+atTT3a4htZ8yZjQ0
✅DAILY 3-4 SIGNALS
✅ALL PAIRS CRYPTO & GOLD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅JOIN FREE TELEGRAM
✅t.me/+atTT3a4htZ8yZjQ0
✅DAILY 3-4 SIGNALS
✅ALL PAIRS CRYPTO & GOLD
✅t.me/+atTT3a4htZ8yZjQ0
✅DAILY 3-4 SIGNALS
✅ALL PAIRS CRYPTO & GOLD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.