See below EURCAD Forex cross pair top down analysis supply and demand forecast. The big picture trend on EURCAD Forex cross pair is longs, we are not allowed to sell EURCAD based on a supply and demand trading strategy because there is a weekly demand level in control making price print higher highs.This weekly demand imbalance is located around 1.4695, this level...
EUR/CAD, after push up higher was not able to lose its gains and is currently finding its support for a push higher up as we can confirm looking at the 4H and 8H chart.
We can buy the low test and put our SL anywhere near the last low.
EUR/CAD is preparing itself for a big upmove.
Recovering with 2 candles only after hitting the daily support and now failing to enter into a reversal phase, it is finding its support for a bigger up move in this consolidation phase.
Keep this pair in your watchlist and look for a buy on the next low test.
This is a very good looking setup. Highly probable move...
EUR/CAD has been in consolidation on the 8H chart for now 3 weeks.
It's failing to make a move down. Bulls are getting in and preparing for the bullish move thus preventing the pair to make a move down to a lower low.
Leave 80-100 pips SL and double the TP.
You will have to hold this position for arround a week or more.
Hello to all which follow my charts.
Here The Situation in EUR CAD at the moment.
For an easy look a the big picture i have used my renkocharts
i am favourite from.
So here we go:
EUR CAD had had a sharp downtrend from beginning of 2019
At around 14.1.2019 the pair has build out a short channel
which has lasted till 25.2.2019
From this day on EUR CAD...
The 4-hour chart of EURCAD shows that the break out of descending wedge that lined up with a key resistance level is a five-wave impulse in wave (a).
According to Elliot Wave theory, a three-wave correction in the opposite direction follows every impulse pattern before a resumption in the direction of the trend.
We will wait for the completion of...