Previous resistance becomes support and 0.618 fib has been tested on the daily time frame. great opportunity to stay long on EURCAD.
Currency Pair: EUR.CAD Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Long Live EUR.CAD updates will be available in the comments section below
eurcad buy perfect entry reversal patern breakout structure become an uptrend trendline
Fundamental Forecast for EUR/CAD: Bullish Crude oil is one of Canada's largest exports and as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations. And now outlook for Oil Fundamentals Turning Positive. Support 1 = 1.5000 Target 1 = Prevoius High in TF Day
Kind of disappointed I didn't pay attention to this pair recently, price made its 3 touch to the ascending daily trendilne, & hit a strong level of daily support with a strong bullish engulfing candle close. Will watch for a potential retracement for a possible entry
Bearish EURCAD Key features: 1. The downtrend intervals every 280 to 282 bars 2. The uptrend intervals every 198 and 205 bars. 3. Price divergence on weekly 4. The pair has retested the 0.25 Pitchwork 5. Next major swing low is on 14/03/2018
Hi guys, hope all good. As you can see a medium-long term channel has been formed, we are on the bottom edge of it and the price is experiencing a very nice consolidation, which is in this case our trigger. Set up: -Stop loss right below the consolidation, around 40 pips -Take profit in proximity of the next resistance level, around 120 pips -3:1 risk reward....
Eurcad looks like one more up, then down....Lets wait and see...
Pair does not want to go down, rejected at previous support of 1.50 Still an uptrend on the daily chart 1:1 Risk Reward
Playing wedge's bottom; confirmed bottom trendline and a speculative top trendline. If breaks out bottom, bottom trigger can be used to short until second or first bottoms. if respected, bottom trendline allows for a very tight R/R that can be comfortably left alone due to no major news in sight. Once over and once the top trendline is confirmed, a breakout...
EURCAD has created a fresh new demand, which is also Quasimodo Level, it seems that the final destination for the price is the supply Above, therefore if the price will come back to the Quasimodo level, I'll buy there, my target will be the supply above.
Still maintaining bullish structure, strong momentum after the bullish breakout. Currently holding HNS pattern in H4 , good risk and reward based on the current setup.
Ready To Set Pending Buy Limit In That Area And Take TP To The Top