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EURCAD: Bullish Scenario is Active!

Free forex currency eurcad chart calls

Free forex currency eurcad chart calls

EURCAD is forming a downtrend channel.
Price is establishing a final sub-wave 5 of wave (5).

In my previous idea, I have mentioned that, If the price breaks down channel C, the following targets for Wave 5 will be 1.4313 – 1.42520 – 1.41652- 1.41156.
Price reached all the targets of wave (5).

Click Here to Read previous article.

Currently, the price is heaving correction, but safe traders can enter after the breakout of the C channel.

After making wave (5), if the price breaks the B channel, it can go for 1.4377 – 1.4466 – 1.4569 – 1.4645+. And Price will start a new 5-wave impulse structure. Invalidation is available for premium subscribers.

Please note that without a breakout, trend changes may not be possible.


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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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