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Eurcadidea

EUR/CAD Multi-Time frame analysisHi Traders EUR/CAD Multi-Timeframe analysis H1 Chart (Bearish) A medium probability, entry signal to go SHORT will be given after the completion of a bearish trend reversal on the lower time frame at 1.46867 after the market found resistance at 1.47157 . Only the upward break of 1.47157 would cancel the bearish scenario. Support & Resistance 1.46686 1.47146 1.46415 1.47270 1.45955 1.47431 H4 Chart (Bullish) The completion of a trend reversal formation at 1.47288 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market. Support & Resistance 1.47410 1.47757 1.46415 1.47997 1.45810 1.48992 Daily Chart (Bearish) The completion of a trend reversal formation at 1.47607 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market. Support & Resistance 1.47237 1.48156 1.45810 1.52092 1.44426 1.53833 Weekly Chart (Strong Up) Waiting for a retracement higher towards the 1.47237 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.50518 level. Support & Resistance 1.45810 1.47237 1.44478 1.50518 1.42626 1.51914
Short
by ANGBlack
EUR/CAD Technical Analysis.Hello traders, EUR/CAD is trading at 1.4850. The Pair is trading in ascending resistance and support wedges from some time and the price just touched support level. As the price has touched support level it will give a small pull back and then it can come down to break the support level. If the price breaks the support level then its target price will be at 1.4721. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
EURCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
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