Yemi_Fx1 | Short for EURCADPrevious price pattern (Double bottom) was respected and price rally up to the resistance level @ 1.46405 tested and validate it to form a double top.
I'm waiting for a retracement before the major moves begins.
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Eurcadshort
EURCAD Potential Bearish Trade.EURCAD could be a bearish trade, touching the resistance.
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EURCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on EURCAD .
Here we are bullish from daily perspective, but I expect we could see a retracement as price formed a normal divergence and rejected from institutional big figure 1.46000.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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EUR/CAD :: LONG !!!EUR/CAD :::
The price is in an upward trend and has managed to break the resistance line and has once again returned to this line to stabilize itself .
It is expected to move to the bottom of the channel to correct itself and then continue its upward trend towards the top of the channel .
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EURCAD...SHORT (67 Pips)With the recent rally of a barrel of oil, fundamentally the CAD should rally as well. But the dominance of the Euro has made a bit slower process, Technically, looking out fro a short sell on ECAD to its consolidated price zone on 13th Jan, when price was just trading a around my pivot point at 1.45010.
NB: A clear breakout from the breakout zone (Blue Box Region) will accelerate the process!!!
EURCAD possible sell setupEURCAD was trending bullish from quite a while we shorted it last month from the top and now market is back at the same strong resistance area with also a strong supply zone
i am looking for a bearish rally down to the mentioned area
look for confirmations on lower time frames and sell EURCAD with your own money management
key to remember is both scenarios possible which after mentioned there it can drop straight or it can drop after a spike to upside
always remember patience an discipline are the key to success
EURCAD Trading Plan - 12/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Down after finishing the current wave.
Here, we are expecting a bigger correction as of now & if we get that, the updated idea will be shared for the next potential trade.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.