EURCAD is trading in a bearish parallel channel. It has taken support from base trendline and bulls took control from there. We are expecting bulls further push the price upside.
Trade your levels accordingly.
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...
#EURCAD Hello trader, I hope are good and safe. Today I opened the chart of #EURCAD for 15 Min and analyzed it then I see that this chart has made a DESCENDING TRIANGLE , So I hope #EURCAD will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
H1 time frame.
Structure: The uptrend was broken when the price broke the Key Level at 1.44000.
Wait for the price to retrace to form a retest at 1.44500 and give a sell signal, then you can find a selling opportunity with EURCAD.
The profit target is the 1.43000 and 1.41600 price...
Benchmark crude oil prices dipped on Wednesday morning, one day after U.S. President Joe Biden announced the release of strategic petroleum reserves to counter rising prices,but even with these updates Cad manage to slight up against a lot of crosses , while Eur will have bad season in winter < am not willing to close these positions its up too...
IF YOU WANT TO PERFECT SELL ENTRY.THEN YOU CAN
USE SELL STOP @1.42276
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