EURCAD BUY | Idea Trading Analysis

By TheGrove
Updated
EURCAD is moving under the descending channel
The chart is above the support level, which has already become a reversal point twice.
We expect a rebound after the support is retested.

We expect a decline in the channel after testing the current level which suggests that the price will continue to rise

Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Trade active
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Comment
⚜️ I make trade ideas based on my analyzes. So I can't guarantee that every signal I send will go in the right direction. Price movements are influenced by many external factors that we cannot influence. Accordingly, each of you should must to be ready to take risks in case the trade goes in the wrong direction. Thank you for your understanding.
Trade active
Hi traders! Good luck in the markets and may the profit be with you !

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Trade closed: target reached
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Chart PatternsEURCADeurcadanalysiseurcadbuyeurcadlongeurcadsignalForexHarmonic PatternsIDEAsetupsignalsTrend Analysis
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