EUR/CAD 1H Technical Analysis

Trade Outlook:
The pair is in an uptrend as price is trading above EMA 21, EMA 50, and MA 20.
RSI at 76.29 is in the overbought zone, signaling a potential pullback or reversal.
EMA 200 is above the price, suggesting potential resistance ahead.

Potential Trade Setups:

Trade # 1
Short Trade (Reversal Setup)

Entry: 1.48550 - 1.48650 (Wait for rejection at EMA 200)
Stop Loss: 1.48800 (Above EMA 200)
Take Profit: 1.48200 - 1.48000 (EMA 50 Support)


Trade # 2
Long Trade (Trend Continuation)

Entry: 1.48200 - 1.48150 (Buy on dip near MA20/EMA21)
Stop Loss: 1.48000 (Below EMA 50)
Take Profit: 1.48700 - 1.48850

Conclusion:
Bullish bias remains, but RSI signals possible short-term pullback.
Monitor price action near 1.48550 - 1.48650 for a sell setup.
Look for buying opportunities on dips near EMA 21 / MA 20.

📊 Wait for confirmation before entering a trade! 🚀

leave your comments boys!!!!