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EURCAD – Sellers are still dominant

FX:EURCAD   Euro / Canadian Dollar
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EURCAD – Sellers are still dominant

Trend: Sell/ Neutral

Support/Resistance:
R3: 1.45778
R2: 1.45536
R1: 1.45190
S1: 1.44902
S2: 1.44508

Price action:
In this case EURCAD currency pair is still in bearish trending flow on lower timeframe. We are expecting price to test first resistance level , and after that if Our Custom Indicator will give us good entry, we'll sell position. Out overall target on this trade is recent lower low level on weekly timeframe .


Bears targets:
T1: 1.44508

NOTE – We are trading EURCAD via the preferred trading setups


Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education


Good trading!

Elitefxacademy

Comments

EC will be on my watchlist as well
Reply
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