EURCAD Analysis 11July2023if you look at the movement of this pair on the D1 time frame, it looks like the price is stuck at a fairly strong resistance, and last week the price managed to breakout from the resistance (SR Flip). if you look at the bullish candle that formed a few days ago, the possibility of continuing the bullish trend is still strong. you can go long when the price approaches the SR Flip area.
Eurcadtrend
EURCAD Short Side TradeEURCAD is trading in a falling wedge pattern and that too at a resistance level of the falling wedge. One can trade on the short side for a few pips on the downside side in EURCAD. Target will be the support line of the falling wedge.
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FALLING WEDGE BREAKOUT IN EURCADHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair has given a Falling Wedge breakout on upside and is retesting now. If it goes back up, one can take a buy call.
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Ryan.R..Lopes