Kumowizard

EURCAD - Update - Correction is smoothly going on

FX:EURCAD   Euro Fx/Canadian Dollar
72 3 2
Since my call for profit taking on shorts ( pls             see link below), EURCAD             extended its correction further

Daily:
- Heikin Ashi candles are green with no lower wicks. haDelta/SMA bullish cross above zero line, HACO bullish
- MACD bullish cross confirms correction
- Price can reach 1,3850-1,3950 bearish support. There we can start looking for new sell signals again.

4H:
- Ichimoku setup turns bullish on this lower time frame. By now both tenkan and Kijun is above Kumo. Chikou SPan cross above past Kumo can gove further confirmation.
- DMI             is bullish with increasing ADX
- Heikin Ashi setup is firm bullish
I'm patiently waiting to short...downside potential is great.
Reply
Kumowizard PRO IvanLabrie
2 years ago
I do the same. Closed my shorts a bit above 1,3500 now waiting for a new sell signal
Reply
IvanLabrie PRO Kumowizard
2 years ago
EURCAD: Potential weekly trade
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out