Short eurcad due to overbought in many time frame and also EUR Outperform compared tp all the data that he got this mast days especially for Inflation. And cad i think he little underperform all currencies so i make this trade in short for a small legit pullback enter at 1.5445 target a pull back to 1.5370 but can go more deep,but i prefer stay on this cluster...
enter at 1.2555 target 1.2495-1.25 gain 55-60 pip short time Cad underporf due t the fall in oil but i be on a rebound aslso the pair is overbought short times and face soon bigger resisantce
if price close below 1.5393 we will have reversal trend down targeting point D at strong level to give us long position at 1.5240 targeting previous support at 1.5393 as mix
This is the analysis shows EUR/CAD retrace back to their buy positions. So now there is a good opportunity to go long until price @ 1.55395
long at 1.5429 sl:1.5390 tp:1.5530 be careful and good luck
Small pull back, I think it will go up 30M
Hammer Bullish Candle- trend continuation trade- buy to 1.555
Trading suggestion: Price is in the resistance zone (1.5255 to 1.5365), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (1.5255) .Ending of entry zone (1.5365) Take Profits: TP1= @1.5120 TP2= @1.4980 TP3= @1.4860 TP4= @1.4720 TP5= @1.4475 TP6= @1.4255 TP7= @1.4050 TP8= @1.3800 TP9=...
Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.5565 to 1.5730), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (1.5565) .Ending of entry zone (1.5730) Technical analysis: .A trough is formed in daily chart at 1.5220 on Mon,...
Previous resistance now support, watching for a breakout now..
Classic simple strategy for trend following. find support and break the falling wedge we can aim at least previous high.
Potential Bullish Bat formation. More info to follow as market moves. Regards, JP
Look through all the charts posted in the updates for factors of confluence . This 1hr chart has a good looking tweezer bottom candle formation, coupled with two solid bullish candles. The cyan trendline will be further discussed below.
EURCAD in evolving inside a daily ascending channel for months. At this moment the pair will probably reach this week the channel resistance in the area 1.5550-1.5600. It will be time to stop being long and start thinking about being short. We talk here about a very nice opportunity to make many pips with a very good risk reward.
Do your own analysis and trade with care