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Eurcadanalysis

If there would be present of bullish signs EURCAD will reverse!Hello everyone, Let's watch out for bullish reversal signs on EURCAD for potential long positions. The pair has declined significantly since 2020. On a higher timeframe, I have noticed that the pair is trading within a falling widening wedge and now it is at the support of this wedge. If there would be any present of bullish reversal signs, there pair might reverse its trend strongly to the upside and the move will last for weeks or even months to the resistance of the wedge. Traders, if you find this idea helpful please support it with likes. If you have any thoughts on this please feel free to share it in the comment section below.
Long
by Forexintelligence_NA
EURCAD | NEw perspectiveConsidering the long term bearish momentum coupled with a reversal set-up on the 1H time frame; It is advisable that we look out for selling opportunities at this juncture in the market. So with a key level identified at 1.355, we shall be using this level as a yardstick for our position. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry