EURCAD - Bouncing off support!

Regardless of Canadian CPI announced today. EC managed to hold out the support level of 1.438, we see it likely that this will be followed with another leg UP.

-Trend line held since 2015!
-Fib level
-All smaller time frames RSI, Stock and MACD oversold
-Daily RSI picking up from oversold territory hinting to another leg up
-Double Bottom (-ish)

Safe and successful trading!

Trade ist aktiv:

Entered long, planning to double my position once I see some confimed movement. But wow that daily candle ;)