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Eurcadsetup

EURCAD might rise and here is whyPrice was in a strong bullish momentum in January and beginning of February 2022. Price got rejected at the December 2021 high and began to consolidate in a bullish flag formation. Just at the start of this week we saw price breaking out of the flag pattern. I expect price to rise with the possibility of reaching 1.461. Traders, if you enjoy this idea please do show your support by hitting that like button. If you have different opinion, feel free to share it in the comment section below.
Long
by Forexintelligence_NA
EURCAD wait for Flag pattern to complete Hi Traders, EURCAD has a massive rise within the the last few weeks which price is now consolidating within a Bullish Flag pattern/channel. Wait for a proper entry before going long or you'll get trapped in this correction. Personally I need to see a strong Impulse breakout of this structure followed by a LTF correction to validate a buy opportunity. Share a comment below and let me know your view on this pair! Support me by clicking the like button if this has helped you! Trade Safe!
Long
by ktlfx
EURCAD: Bullish Scenario Is Active!EURCAD is forming a downtrend channel. Price is forming a final sub-wave 5 of wave (5). In my previous idea, I have mentioned that, If the price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156. Price reached all the targets of wave (5). Click Here to check the previous idea: Currently, the price is heaving correction, but safe traders can enter after the breakout of the C channel. After making wave (5), if the price breaks the B channel, it can go for 1.4377 - 1.4466-1.45629-1.4645, and start a new 5-wave impulse structure. Please note that without a breakout, trend changes may not be possible.
Long
by forextidings
EURCAD: Sentiments Are Short-Term Bearish, But... EURCAD has completed corrective wave 4, and if the price breaks the parallel channel C, it may make a new low, which should be impulsive sub-wave 5 of wave (5). If price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156 . After making wave (5), if the price breaks the B channel, it can go for 1.4645 and start a new 5-wave impulse structure. Please note that the Breakout of wave (4) indicates a strong bull trend. If the price breaks the channel without a downward, it indicates truncated 5th. I will upload intraday chart for further information soon.
by forextidings
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