Eurcadshort
EURCAD AnalysisPeace, mercy and blessings of God
The pair has exited the channel as noted
In case the price closes above 1.54113 we will see the target exactly 1.56336 at 61 Fibonacci
But in the event that the price broke 1.52738 and closed below it, we will see it again inside the descending channel, and its first targets are at 1.50488
Beyond the latter, we will see the second target at 1.47926
Buying or selling depends on 1.54113 resistance and 1.52738 support
We ask God for success
EURCAD, Possibility..As salam alaikum
Simple and Smooth..
Price will be invalidated if crossed 1.532 zone..
Fundamentals Are Heavy today so be careful..
EURCAD - SELLThis pair is incredibly volatile but I can see a change in trend occurring
I believe once support is broken it will head for its next level of support which is highlighted below
EUR/CAD will go lower next week💡Hello followers,
I will really apricate any likes and follows, that would help growing this channel.
EUR/CAD will go down to test support line of Descending Triangle.
Let us know what you think about this idea.
Trade safe !
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off 1.52195 where it could potentially rise further to 1.52373.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
POTENTIAL LONG OPPORTUNITY ON EURCADPrice is currently at a point of support where we may see price push bullish to meet our target level. Divergence is evident. Do not risk more than 2% of your equity
EUR/CAD approaching resistance lineHi traders,
hope your trading is going great this week.
Let's take a look at EUR/CAD at 4h chart. We did make some big pips with this pair this week, now price again is at the same resistance line and looking to bounce of this line. We believe price will go lower to test support line.
EURCAD reversed from resistance, potential drop!
EURCAD reversed off its resistance at 1.52899 where it could potentially drop further to 1.52198.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
