EURCAD gearing up too swing lower..
We see price trading inside this ascending wedge structure after the impulsive moves seen from the previous week, as the market begin to find their feet and return back to normality we can start to spot these patterns in the market.
I am waiting for price to break the structure and return to the lows of the previous bounce (2nd bounce of the bottom TL) before having a slight pullback into the red region to form a lower high structure after the break!
First target is 1.4700
Comment your thoughts on the analysis above!