$EURCAD Can Rise Now #EURCAD

Traders, EURCAD has been falling nicely and gave us a very good short trade. Now it has completed an M pattern in a medium time frame. When the M pattern completes the market goes up. So we can expect this market to rise up any time.

Beware that this can still form an extended M pattern as we have a trend lines cross. So trade what you see and only with a confirmation.

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Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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Take care and trade well
-Vik

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📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
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Order cancelled:

EURCAD: after an initial consolidation and jumped, the bullish momentum was capped by the 200 sma. So bullish idea is not valid any more.