EURCAD Analysis Across Multiple Time FramesIn the weekly time frame, EURCAD is forming a bullish flag pattern and appears to have been in a distribution phase for some time.
On the daily time frame, EURCAD is following a bullish trend line and is currently near the bottom part of this trend line.
In the hourly time frame, the trend has been bearish, but it shows divergence, indicating a potential shift to a bullish trend. Based on this analysis, we will take a trade with the following parameters:
Entry Point: 1.47542
Stop Loss: 1.46847
Take Profit: 1.48450