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Thread: Eur/cad analysis

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    Default Eur/cad analysis

    Looking at the EUR/CAD pair for 4 hours,s it is noticeable that it is gaining some pips at the price level of 1.4420 Should there be a continuous appreciation in the price, the next resistance level will be 1.4430 with the next support level at 1.4380.

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    With the digitalization, online trading is becoming popular day by day. Forex is the largest money market where currencies are traded. Several brokers offer a bunch of trading facilities to traders. FXOpulence is a regulated trdaing broker, allowing traders with more than 28 trading pairs including crypto.

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    Understanding the concept of invalidation helps you exit trades before they hit your stop loss. If a trade is no longer valid—such as when support levels are breached—it’s essential to act promptly. This proactive approach minimizes losses and prevents them from escalating. Always monitor key levels and be prepared to exit early if the trade’s original rationale is compromised. LQDFX broker provides signals at times to help traders earn money from trading.

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