*not a trade call* look for one more down and then up
Continuing downtrend to 1.481 Daily Chart CAD Strength
Hey, youraveragetrader here. - Ascending triangle
Hi guys, I am shorting this pair til next fib level. The rejection level has been tested successfully with those dojis and bearish engulfing bars. My target will be at around 1.51300. We also have a bearish divergence and the channel has been broken to the downside as well. Feel free to comment/like! Cheers Jesse
looking to sell if the price breaks the small correction line
The common European currency has been trading in a neat channel up against the Loonie since September 1. The pair managed to test both boundaries during the past two weeks, thus forming a junior channel down. This short-term pattern, however, is unlikely to hold for long due to its steepness. After testing the monthly S1 at 1.4925 on December 6, the Euro tried...
Price rejecting daily resistance multiple times, showing there is a higher probability of shorts.. However I will be watching for a break of the CTL & retest before entering short. If price breaks above the resistance its testing currently, I will look to buy up to weekly resistance. Lets see how price action plays out!
Hi there, We have completed the regular flat and are now starting the next impulse. My trade would be on the 1H time frame (or even lower) once another flat forms in order to get into the buy (2nd position). First position was at the bottom of the structure. I am now expecting the next big impulse up, except something changes drastically in the structure. MisterRay
RECENTLY WE SAW THIS PAIR HERE DROPPING VERY FAST TO A LEVEL WHERE IT BROKE OUR SUPPORT INTO A NEW RESISTANCE,ON THURDAY LAST WEEK WE SAW THE PAIR WAS RETESTING THE BROKEN LEVEL 1.51455 AND RESPONDED WITH FEW PIN BARS.WE ALSO SEE THE PAIR REACTING TO OUR TRENDLINE. WAITING TO SE WHAT NEXT IN 5HOURS AFTER MARKET OPENNING THEN I GO SHORT.
Fundamental: CAD: Latest BOC rate is maintained at 1%. This further pressure CAD as it coupled with slow NAFTA progress. Technical: Uptrend channel persist after BOC rate is maintained at 1.0% Price is now at the bottom of the channel. Target 1R lower than previous high, but if price broke the level, next target is below weekly resistance 2R
EURCAD is breaking out of the triangle and makes a bullsih flag on the lower time frames, let's see where this goes.
Im expecting a new bullish move on this pair creating a new higher high. Targets: 1.55500 (psychological level) Have a nice week Like and follow albx