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DeGRAM | EURCAD overextension at the resistanceEURCAD reached a major resistance level on the 4H timeframe. The market probably will make a false breakout. Price action created a double top at the channel border that acts as dynamic resistance. Price action is likely to move down from the confluence zone: the resistance and the channel's border + fibo extension. We expect a pullback from the resistance level . ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
9
EURCAD : Short Trade , 4hHello traders, we want to check the EURCAD chart in the 4-hour time frame. The price is moving in a range channel and when it has reached the bottom of the channel, it is making a price correction in a downward channel and has reached the key level of 1.44000 We expect the price to continue its downward trend and test the bottom of the range channel again and fall around the price of 1.42600. If the downward trend is strong and can break the bottom of the range channel and below the price of 1. 42300 stabilizes itself, the next possible price target is 1.40900. Good luck.
Short
by mrAT_Trader
3
EURCAD SELL Hello Guys, Happy Sunday trust you are having a Blessed Day, Let’s Focused on EURCAD Sell Movement so Basically I do not have much to say on this analysis but I would probably advise you to save this picture and wait for it to play out before taking a sell because lot of money coming in on EURCAD. We broke our trend line and price went to a support lvl and what we are Currently waiting on price to reject the support lvl so we can see retest on our fib lvl 0.61 area which is the sell Zone, so let’s wait patiently for trade Confirmation, this would be my last a analysis for the day thanks guys.
Short
by GoCrazyfx0
EURCAD : Analysis , 4hHello traders, we want to check the EURCAD chart in the 4-hour time frame. The price is moving in a range zone and has reached the bottom of the channel and the key level of 1.42500. If the price can stabilize itself at the bottom of the channel and the line If it breaks the downward trend, we expect it to grow around the price of 1.44200. Considering that the price has had a sharp fall, there is a high probability that it will break the bottom of the channel downwards if the price can break 1.42300 and at the bottom of this If the price can stabilize itself, we can expect the upward trend line and also the key area of 1.38700 to fall. Good luck.
by mrAT_Trader