EURCAD - Daily bearish divergence

FX:EURCAD   Euro / Canadian Dollar
211 9 9
The weekly chart of EURCAD             shows price slightly over value, which has been an usual place for reversals to take place.

On the daily chart , there is a class A bearish divergence with 3 no demand bars.

Stop above 1.43, first target at the area between 1.35 - 1.36, secomd target around 1.30
Hi Gents, can I add my 2 cents (not sure if that's a common expression)
On the 4H chart Is there a Head and Shoulder. Also I notice a rising wedge and a break below support 1.3993 could be the start of a long bearish move. Do you see that also?
vlad.adrian PRO DerekUweri71
I see a h&s but no rising wedge..
DerekUweri71 vlad.adrian
Yes, the RW is a bit suspect.
Price has not breached the 1.3993/1.3985 support. Yet.
DerekUweri71 DerekUweri71
Double Bottom could be forming.
Looks good mate.
yep, thank you!
IvanLabrie PRO vlad.adrian
I want to short GBPCAD soon.

Each of the red arrows is a potential reversal date.
+1 Reply
I am long GBPCAD :d
IvanLabrie PRO vlad.adrian
Good, it will rebound hard soon.
Might be good to reload longs, and/or take a short.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out