Eurcadshort
EURCAD AnalysisPeace, mercy and blessings of God
The pair has exited the channel as noted
In case the price closes above 1.54113 we will see the target exactly 1.56336 at 61 Fibonacci
But in the event that the price broke 1.52738 and closed below it, we will see it again inside the descending channel, and its first targets are at 1.50488
Beyond the latter, we will see the second target at 1.47926
Buying or selling depends on 1.54113 resistance and 1.52738 support
We ask God for success
EURCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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.
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Thank you for your support ;)
GWBFX
EUR/CAD approaching resistance lineHi traders,
hope your trading is going great this week.
Let's take a look at EUR/CAD at 4h chart. We did make some big pips with this pair this week, now price again is at the same resistance line and looking to bounce of this line. We believe price will go lower to test support line.