As investors await the NFP data in 2 hours time, i'm expecting ECAD to close this week below last week's low and forming a new low below 1.134400.
I see lot of bullish ecad trading ideas recently, that are still considering price to further rise due to a tiny outbreak we saw into friday close, first of all i have to say i have not send any ecad trades yet, but i want to add some doubts to a rising ecad, i am expecting ecad to be slightly more bullish than ucad, as im still bullish on eu, but overall i see a...
Hello my friends. Another Short position RR ~ 1:7
Hello my friends! ^^ Short EUR-CAD with RR 1:11
EURCAD Bearish mode coming soon. Don't miss this opportunity. Sell, SL around 30 pips, Target profit in 120 pips. Worth to take the risk :) TAYOR
monthly, weekly and daily EMA 200 is in support. Now price is currently on 1.52100 that is weekly support zone. it might forming H&S and it could break weekly support and test the daily support at 1.51200. there is also trendline. so we need to wait what will happen to the trendline. so if trendline is broken we will wait for retest and short the pair
I re-entry, after trailing stop with the big black candle, I think it has a chance of head and shoulder pattern. The TP is at the high of daily chart.
I buy with pull back and break range. Assume it will make the ABC pattern. with fibo 100% TP (AB=CD, 123 pattern) = resistant area
oversold on stoch and RSI obvious resistance level from previous highs TP1 @ 1.36, TP2 @1.34 good luck
This Setup use the following confirmation. 1. Fibonacci 50% Reversal (@ 1.4000) ( On follow up monthly Chart ) 2. Use round number expectation for strong support (@ 1.4000) 3. Use previous range bound between RED arrow and GREEN arrow. Setup Configuration :: This number come from strong physiological price number, Fibonacci support and previous daily spike ...