Hi there, We have completed the regular flat and are now starting the next impulse. My trade would be on the 1H time frame (or even lower) once another flat forms in order to get into the buy (2nd position). First position was at the bottom of the structure. I am now expecting the next big impulse up, except something changes drastically in the structure. MisterRay
RECENTLY WE SAW THIS PAIR HERE DROPPING VERY FAST TO A LEVEL WHERE IT BROKE OUR SUPPORT INTO A NEW RESISTANCE,ON THURDAY LAST WEEK WE SAW THE PAIR WAS RETESTING THE BROKEN LEVEL 1.51455 AND RESPONDED WITH FEW PIN BARS.WE ALSO SEE THE PAIR REACTING TO OUR TRENDLINE. WAITING TO SE WHAT NEXT IN 5HOURS AFTER MARKET OPENNING THEN I GO SHORT.
Fundamental: CAD: Latest BOC rate is maintained at 1%. This further pressure CAD as it coupled with slow NAFTA progress. Technical: Uptrend channel persist after BOC rate is maintained at 1.0% Price is now at the bottom of the channel. Target 1R lower than previous high, but if price broke the level, next target is below weekly resistance 2R
EURCAD is breaking out of the triangle and makes a bullsih flag on the lower time frames, let's see where this goes.
Im expecting a new bullish move on this pair creating a new higher high. Targets: 1.55500 (psychological level) Have a nice week Like and follow albx
Entry is at second Shark completion 1.13XA, as it's still valid to me. Target 38.2 and 61.8 Stops are RR based 1:2 Use your own criteria and trade plan to enter the market.
Complete shark at 224 and rejected. make a pullback. we can short it
After the most recent impulse the pair has been forming a consolidation for a few days. Now the consolidation is either a Regular flat or an Expanding one. I am slightly favoring an Expanding flat more for the reason that the pair has not formed 3 wave structure up to the top but only 2 so far. So I expect 1 more brief wave up before the bigger move to the...
EURCAD / M15 / Cypher Pattern + Support Line wait for D point of Cypher pattern If it break the support line before D point, Wat for close below the Support Line
Pullback was done for sure (you can see it in h4) I took some longs positions
Hi Traders, TradingView has given me a great opportunity to share a short video with you breaking down the EUR.CAD in a little more detail explaining the initial confluence, entry, stop loss and take profit levels. Thank you for the continued support & a BIG thank you to TradingView for their continued amazing work and service.
EUR/CAD short position on daily timeframe! published by learningcurrencytrading.com
Signal: Sell Limit - 1.52380 Take Profit - 1.49680 Stop Loss - 1.52680
Signal: Sell - 1.51600 Take Profit - 1.49600 Stop Loss - 1.52100