Technician
Long

EURCAD Resuming Bullish Trend? #forex

FX:EURCAD   Euro Fx/Canadian Dollar
2534 16 55
Hello friends,
I have been absent in the past month from tradingview, as i had a very busy life and personal stuff. I am happy to be back and hope this will be a persistent             comeback.

Due to my absence, i couldn't publish this view.. However, late is better then never.

We have seen a retest of the main support area among 1.4640-1.4600, however the price found demand bouncing higher again. A bullish hammer formed at that support, meantime, Stochastic was in oversold area and that comes within the context of the bullish trend that started from April low around 1.3000.

I am looking for further upside , targets and stop shown on chart.

My Best Regards
Technician
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Comment: Testing 1.49 level which is a resistance, if it breaks first target should be in hands..
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Skype: Technician - The forex channel
hi mate....i have been a faithful follower and was wondering why i didn't see you recently, glad to hear all things are with you.
Cheers
faith no5
+1 Reply
Welcome back
+1 Reply
Hello Tech,
good to have you back, was pretty quiet around here without you.
Is that trade 30 or what ?
Reply
Thanks my friend. I am hugely busy trading and launching thefxchannel.com , so i barely have time to publish ideas, so i am not sure that i would continue with the journey. Will try my best though.
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marcus123 Technician
good look with thefxchannel. sounds well interesting!
Reply
Welcome back!
Reply
Technician TOP johan.verm
Thanks Johan :)
Reply
I believe there is still a bit of downside momentum due.

snapshot
+2 Reply
Technician TOP VijaySanghishetty
It could be the case, if we break that support, i will look to reverse and target 1.4160
Reply
marcus123 Technician
sounds like good trade management there...
Reply
There is a Canadian election on Monday so anything can happen.
+1 Reply
Another not so minted demi legend just posted a short at your first target. There's nothing like watching two opposite views play out :)
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Could have a bullish bat here on 1H
Reply
Cryptoelite PRO Cryptoelite
snapshot
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marcus123 Cryptoelite
that was a nice trade of the bat!
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yep - i got chicken shit and got stopped at scratch. I'm eyeing a bigger move on this pair and waiting for the trend to develop as I'm not liking how choppy this is atm
this trend continuation is what I'm anticipating
snapshot
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