Hello traders:
Looking at EURCAD for the strong bullish price action to reverse.
We see price has been in a deeper consolidation since the last HTF bullish impulse. Price started to from that channel/flag structure, correcting the price.
Latest price action has once again reach the bottom, and looking like a bullish flag/channel is about to finish, and we can expect the next bullish impulse from the lower time frame.
I would be patient and wait for some sort of LTF reversal correction to form, and a strong bullish impulse to confirm the buy entry.
Thank you
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