3 TPs marked based on support and resistance. Let's see in the next coming week as EUR has been sliding down for too long due to institutional players pondering on stop hunts.
Hi Guys,
As you can see, CHJPY had a bearish move down for the entire week where price broke the strong weekly trendline. I foresee that price would retrace upwards to the 61.8 percent fibo before continuing down once again.
Do let me know your views!
Thanks
Regards
PipsMaestro
Bullish Bias on EUR CAD as shown. Touched the broken trend line and should be going for a bullish run. EUR speech on the cards so anything could happen. Lets see how this plays out. If this is a highly probable trade, could see EURCAD flying to a newer high in the weeks to come.
Yo Guys,
As you can see that its obvious on the formation of cup and handle formation where a handle is being formed. Not saying that bearish momentum is at a halt but generally speaking, this type of a shape indicates a bullish break to the upside. Any break of the channel would otherwise mean that price may continue further down. Such a set up shouldn't fail...
I guess this should should to the upside very soon given the formation of the cup and handle. Handle has broken out nicely and it should continue the upside rally anytime these few days or next week.
