SN_Doumet
Short

EURCAD - MY MOST CREATIVE CHART YET - MORE DOWNSIDE EXPECTED

FX:EURCAD   Euro / Canadian Dollar
As stated on the title this happens to be the most creative I've gotten with a chart, yet it covers one single but very important aspect which is Market Psychology. Market Psychology is key to understanding financial markets and we can see it unfold with this chart analysis. We can clearly see all the stages labeled out during the uptrend and what is now happening during the downtrend, and all these stages can be characterized by market psychology one way or another. I expect the pair to carry on with the downtrend all the way down to the 1.38xx - 1.39xx levels. The light blue colored zones are potential Demand zones. I know you shouldn't be using them as targets until they actually close in those areas, but there is evidence that makes me believe it will reach down to both of them.

Trade safe and implement your own due diligence before entering a trade.
Comment: Could potentially go for one more small move up before coming down
Comment: a small update...the bias still remains bearish although I would reconsider my initial targets
Comment:

although it hit my stop initially the bias still remains bearish
great chart!
Reply
SN_Doumet RealProfits
@RealProfits, appreciate it :)
Reply
hi,
yes, you create a nice chart... but just for the case here an alternative...


Reply
NeverNO NeverNO
@NeverNO,

white a b c now correct

:-)
Reply
NeverNO NeverNO
Reply
@NeverNO, appreciate the feedback. Interesting view
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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