Price broke its daily support now turning resistance, & broke out of its flag pattern. Expecting another wave down to next daily support level / daily wedge uptrend line.
EURCAD broke the moving average, suggesting a potential trend change. This in tandem with September's monthly bear candle gives me enough reason to believe a down trend is about to begin. My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0. Each order contains a 30 pip stop loss and no take profit target. These...
Based on the long-term market structure, we're showing signs of Divergence on the MACD indicator. Also nearing the tops of the channel. We're uptrending for the next months, but the price should start to reverse once it reaches close to ATH levels. Unless something changes, we'd have to re-visit the chart. But until that happens, this is my outlook.
With the fundamentals this week several patterns were prematurely played out. I am watching this on the 4 hour timeframe to conclude if its a valid trade or not. Will provide an update soon.
EURUSD is forming a Head & Shoulders pattern. Cheers!
Dear traders, Here is a new LONG signal on EURCAD : Entry : 1.47819 SL : 1.45321 TP1 : 1.49855 TP2 : 1.52051 TP3 : Sky is the limit Reasons for this long : After the previous failed SHORT, EURCAD confirms the breakout today (unless of course market decide otherwise tomorrow). We could be consider as late but going below my SL would mean that's it's a fake...
Dear traders, Here is a new LONG signal on EURCAD : Entry : 1.48600 SL : 1.46745 TP1 : 1.49976 TP2 : 1.51901 Reasons for this long : Missed this one by a few pips but should still be good if uptrend is confirmed. EUR is still being tricky so SL quite small as a reversal is not out of question (as always in the market). However weekly TF is looking ready to...
Using the Daily chart trend, I'm expecting a strong sell on EURCAD.
Hello everyone, we have an opportunity to short this pair based on few harmonic patterns towards the highlighted target. Please wait for any reversal sign before entering. For any questions leave a comment or DM me. Good Luck
Currency Pair: EUR.CAD Time Frame: Daily & 4hr Predicted Direction: Long Live EUR.CAD updates will be available in the comments section below
SHORT once we see a clear reversal which seems to be happening just about now