The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Eur 13k long positions increased by professionals by last week, Commercials increased shorts 14k by last week. Eur long% increased 3% by last week. Professionals increased 2k shorts in Canadian, while Commercials increased 4k shorts in this week.
Price making lower low and lower high on daily time frame. but due to support around 1.5380-36 may suspect correction upside.
EURCAD Is forming a diamond pattern at top which indicate trend might reverse on downside once the price breakout from pattern in visible one can trade short side trade on EURCAD for possible target zone as in chart.
Like/Comment/Follow To Make Money With Us.
Thanks
@viveksamale
Plan : trendline breakout --> wait for prices to bounce off trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment...
