On the 01/10/2018 I wrote about this cross,it was corrected. I bought and I took Target Price. If today I look , I can say ..... to go Short. We have a long trend line ......long and one strong resistance at 1.5200 where the price close on 01/12/2018. Yes, 1.5200 exactly. If you look the weekly graphic , you can see how many time at this price the trend...
Sitting below daily resistance, cad rate hike this week as well we could see some strong bullish action for the CAD
The pair is on the resistance of a H4 channel. The support of the channel is below 1.4800 which gives us a good risk reward .
I gat nothing on fundamentals for this pair, so am just gonna follow the harmonic patterns and follow news events. Here is how the pervious analysis worked out: Cheers!
EURCAD has been forming Lower Lows and Lower Highs and has retraced to the 61.8 Fib in the 4hr time frame great opportunity to go short
During the past two-and-a-half months, the Euro has been trading in a channel down against the Canadian Dollar. The pair reversed from the 1.4820 area on Tuesday, thus failing to test the bottom boundary of a prevailing six-month ascending channel. Following this move, the Euro accelerated and thus managed to reach the 1.5170 mark by early today. From...
W1- Price reached amazing resistance zone. We might see one more push to the upside as long as there is no trend line break. D1 - Price bounced exactly from the zone I expected. H4 - Bearish Hidden Divergence, two downtrend line has formed. 151.40 level should hold. H1 - Two small double waves forming a bigger double wave. Price has reached a crucial zone. Once...
Break of Support, with a full indication of bearish activity now Risk Reward 2.75
Today I suggest you an interesting trading opportunity on EURCAD. We are near an important static level and short dynamic level... so it's interesting to open a short position! Great risk reward, but I suggest to place stop loss at a high level, given the volatility of this currency.
Buy after price break the wedge and retest. stop below previous low. two targets on chart
scalp for 34 pips not look i target 2..*it dependt of the move the target is just the TARGET 1 if get violent pullback then i will go on target 2 but with a SL on a target 1
CURRENCY PAIR: EURCAD ; Time Frame: 1D - 4H; SHORT OPPORTUNITY. R/R Ratio : 3.0 Retest broken trendline + support line.
A potential bullish butterfly pattern is completing with a completed head&shoulders pattern reacting. Nice R:R at 2.2 (TP1) and 3.8 (TP2). Good luck.
1.48 is long time support zone and good p/l ratio . buy :1.48 stop:1.4740 target:1.4890-1.49 be careful and good luck