The EUR/CAD has recently retraced to a key Fibonacci level, signaling a potential reversal and a fresh buying opportunity for astute traders. Fibonacci retracement levels are powerful tools in technical analysis, reflecting potential areas of support or resistance based on the golden ratio. In this case, the price action has approached a significant Fibonacci support level, suggesting that a reversal might be in the cards.
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I'm canceling my order and I will come up with new trade idea on this pair