FX:EURCAD   Euro / Canadian Dollar
In daily, bullish pin bar formed at previous resistance, now acting as support.
BUT:
1) overall master trend is still down.
2) in weekly, two bearish tailed pins rejecting the down trend line .
Very nice.
Pin bar formed on
1) previous confirmed inverse H&S neckline.
2) 20SMA D1
3) 38.2% of the move from 17 apr to 4 june. (38.2% is a good take profit level for those who shorted at the high 4 june pin bar.
4) 1.3800 pysch number rejection.

But im not trading this, looking to buy at lower prices or sell at higher prices.
Reply
Very good analysis.Thanks for showing a trade opportunity.
Reply
Casey_Yeo TahirAli
You are welcome.
Reply
Should work nicely.
Reply
IvanLabrie IvanLabrie
It might not fall to hit your buy level in my opinion though. You'd need to market buy probably, but we'll see.



If it falls lower I'll add (I'm already in).
Reply
Casey_Yeo IvanLabrie
have my reason for not buying at market. may miss the trade. good luck.
+1 Reply
IvanLabrie Casey_Yeo
Of course, you can follow your plan, just sharing my target and my own plan.
What do you think of euraud?
Reply
Casey_Yeo IvanLabrie
waiting for buy signal around 1.4400-1.4450.
+2 Reply
itaskar Casey_Yeo
I guess this numbers are not correct, or?
Reply
IvanLabrie Casey_Yeo
That's below my stop loss. Interesting.
Reply
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