IF U DIDN'T NOTICE :) I AM EXPECTING A DOWNWARD CONTINUATION AFTER THIS REVERSAL LIKE, FOLLOW AND COMMENT ALSO SEE PREVIOUS ANALYSIS ON THIS PAIR
oversold so much need a egit pullback 72 pips is a minimum to next resistance
EURCAD Going Down For next Support zone.
Hey folks, We have now entered EURCAD buy based off a 1H 50 Bounce ( first pullback to the 50 EMA after 13/50 cross): Price @ 1.52316 SL @1.52116 TP @1.52516 1/1 RR 1% risk on this position Keep in mind, if price CLOSES BELOW 13 EMA we're going to take a scratch and close the trade! Confluences: - 13/50 cross - 25-50 pip pullback - Market Baseline (yellow...
Waiting for confirmation candle on the SR for short trade
EUR/CAD has broken the 50 ema and found support on top of it. We can expect the move to continue up higher as long as the 50 EMA holds as support. First TP: 1.5295 Second TP: 1.5345 Third TP: 1.5395
strong resistance above going short Sell @ 1.5135 TP @ 1.4805 +340 pips SL @ 1.5219 -72 pips
Watch this pair closely this week, what to expect : 1) Quick bounce will happen if the support is strong and the price will retest previous broken trend line. 2) Otherwise the price will build up around it and eventually break downward to reach those Fibo. Definitely a pair to watch this week. Trade Safe!!
EURCAD is alos approaching resistance where we expect a drop below this level
i am long on eurcad for 2 taget first 1.5260 and secon 1.5290 i will go in 2x 1lot in case if not go 1.5290 first lot will be cut at1.5260 and the second will made a SL at the entry point for secure loss and benefit
ON THE WEEKLY, PRICE HAS BROKEN OUT OF AN ASCENDING CHANNEL AND IS CURRENTLY RETESTING THE LOWER TRENDLINE FOR A BIGGER SHORT MOVEMENT.
EURCAD is in uptrend since 29th June and now at good buy level. I am expecting to go price near to 1.53000-1.53500 zone for good risk reward ratio.
Technical Analysis i) The lows at the end of May kissed the .236 fib level producing a substantially large wick, an indication that the bears are losing momentum. ii) This was followed by a strong Bullish Pin Bar which printed on the .5 fib level suggesting that the May lows (.236 fib level) had a strong potential to be a reversal for the short term. iii) We...
Quick short play within this ascending channel. Keep the negativity out please. Trade Safe!!
EUR/CAD Bullish trend pay attention in fibo level Watch and wait price action in vital price & area Write trading planing and exit planing to backup your trade if your analysis going wrong Always write exit planing first before you go in market calculate the risk according to which you are able to receive it limit your losses and let gains run