EUR/CAD 28.07.2016
Correction on the last upward movement to 50% Fibo
The correction ended with a double bottom formation and price above the basis line
Price above horizontal support
Price action:bear candle devoured by a bigger bear candle - conformation for a possible rise
Technical indicators:
CCI(50) - above 0 - positive signal
RSI(14) - above 50 - positive signal
SL: 1,4420
Alternative scenario: If the price goes below the basis line of the double bottom, this will break the positive scenario
Jr. Trader Nikolay Georgiev
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