if you look at the movement of this pair on the D1 time frame, it looks like the price is stuck at a fairly strong resistance, and last week the price managed to breakout from the resistance (SR Flip). if you look at the bullish candle that formed a few days ago, the possibility of continuing the bullish trend is still strong. you can go long when the price...
Price has been on a downtrend, it has currently retraced to my trendline and support structure which could be a potential resistance. Probabilities. Lets see
BoC released its over night rate over 2 hours ago, which caused this sudden weakness in EURCAD. As price approaches my trendline i would first of all be looking for longs till my trendline breaks to change my bias. Till then its probabilities. lets see
EURCAD is trading in a falling wedge pattern and that too at a resistance level of the falling wedge. One can trade on the short side for a few pips on the downside side in EURCAD. Target will be the support line of the falling wedge.
If You Like Idea Do Follow/Comment/Like For More Updates
Note Trade With Proper Risk Management System
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair has given a Falling Wedge breakout on upside and is retesting now. If it goes back up, one can take a buy...
