EUR/CAD has bounced off the pullback support and could rise from this level to our take profit. Entry: 1.59034 Why we like it: There is a pullback support level. Stop loss: 1.58179 Why we like it: There is an overlap support level. Take profit: 1.60387 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and... Read more

Hey traders! Ahead of the US session, the situation in the Middle East temporarily eased, with WTI crude oil prices falling by more than 2%, which reinforced the expectation of a bullish rebound correction at the 4520 level in the morning session. The 4-hour chart structure remains in a wide-range consolidation, and the overall trend is still dominated by bearish bias, with the key resistance level located at 4670-4700. The key support level is 4500, and the short-term resistance level is 4585-4600. The intraday long positions have been closed around 4580. The 4600 level is the central point of the range-bound box. It cannot be ruled out that continued positive fundamental developments will push prices to break above 4600 during the US session. Trading Strategy: Initiate a short position at 4640, add to the short position at 4650, set the stop-loss above 4660. If prices stabilize above 4660, switch to... Read more