The Euro / Canadian Dollar denotes how many Canadian Dollars are needed to purchase one Euro. Crude oil is one of Canada's largest exports and as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly traded currencies in FX. Throughout...
Yesterday we looked at EURAUD. So far, things are going according to plan.
Today there may be an additional opportunity.
And now let's see EURCAD - since the beginning of this month we have an impulse rise.
The downtrend was broken through it and now we expect an additional rise.
The possibility to enter is right now- during the correction. And if you want...
Possible short opportunity on EURCAD.
- Price action; in line with the downtrend and 5th touch on the trend line
- Confluence between 200 day EMA, and indicators
- Rejection at 78.6% Fibonacci level
- Fundamentals; EUR weak due to poor vaccine rollout
☑️EUR_CAD bounced off the support line
And we could see a nice correction move up
However, the pair is now trading closer and closer
To the key resistance level on 3 day chart
And close to the falling resistance too
Thus, I think that once the price reached the confluence
The pair will fall down
SHORT↘️
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Trend: Bearish
Structure: Support and resistance
Plan: We look for price to reject the resistance zone as seen on the chart.
We await CCI and MACD confirmation before entering.
golden ripper pump opportunity
💲EUR/CAD- Setup / Analysis
4HR'S Chart
Educational
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✅ Just browsing through my analysis means a lot to me.
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VIP Opportunity ' -
Expecting Pump Up Done
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➕ Key Technical / Reason's Long
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❗️Price Enter Liquidity Zone with many reason's to Bullish -
Take Profit 1 + 2 + 3
Account Growth = 15 %
PIP...
