Small pull back, I think it will go up 30M
Previous resistance becomes support and 0.618 fib has been tested on the daily time frame. great opportunity to stay long on EURCAD.
Hey, youraveragetrader here. - Ascending triangle
Hi there, We have completed the regular flat and are now starting the next impulse. My trade would be on the 1H time frame (or even lower) once another flat forms in order to get into the buy (2nd position). First position was at the bottom of the structure. I am now expecting the next big impulse up, except something changes drastically in the structure. MisterRay
EURCAD on the daily time frame is getting close to its lower range and from above its getting squeezed by a resistance. This gives the chance on a nice strong upwards break the next days that can give 250 pips TP: 1.4990 SL: 1.4630
i had call eur cad buy !! now ive 70pips in negatif but wait !! eur cad will go up, long trade sl : under the trendline and the next down support tp: top resistance
Things dont look over yet for the bearish trend on EURCAD at the weekly time frame. Expect more bearish downwards movements the next weeks. And lower range has been broken and it has opened the way for at least a 400 pip fall. This ofcourse, is on the weekly time frame. so on the daily, 4h and 1h time frames there will be plenty of retracements up that you can...
Bullish Pennant after Bullish Impulsive Move. Notice that volume is declining as Price consolidates into the pennant. We also have Divergence as RSI does not conform to Price Action making lower lows. For profit taking targets, we set it at a 1:1 ratio of the flag pole measure from breakout of the pennant. We enter long orders upon breakout of the pennant...
EURCAD on the 4 hour time frame is shaping up for a very nice buy setup. The range is shaped like a bullish wedge and the Stoch indicator made a bullish cross over. When it breaks out of this wedge we will see a very very nice green wave up. tp: 1.4960 sl: 1.4690
EURCAD on the daily time frame has broken through the upper range and Stoch has just made the bullish crossover. When looking at the 4 hour time frame you see that on that time frame the Stoch is already showing a lot of buying pressure. ADX is still to make this crossover, but that one is always a bit slow, need about 3-4 green candles to make the green line go...
Since gapping up, price has tested and respected a major support/resistance area bounced up from it. Today we've seen price has touched this major support level and price did pierce through but quickly pulled backed and has respected this level. Zooming in on the 4H time frame, candlestick pattern confirms a reversal in the downtrend to an uptrend is probable and...
Hi guys, i've already published few days ago an idea on this pair. Unfortunately we weren't able to take advantage of that idea, but now price has given us a second chance. It has came back to retest the daily structure level (that also lines up with the 618 retracement and a round number) and has formed a nice pinbar showing us some buying rejection. The...
Hi guys, i've already published few days ago an idea on this pair. Unfortunately we weren't able to take advantage of that idea, but now price has given us a second chance. It has came back to retest the daily structure level (that also lines up with the 618 retracement and a round number) and has formed a nice pinbar showing us some buying rejection. The...
Exactly one week ago we discussed how the EURCAD bulls were tiring following a 430 pip bearish engulfing week. When I released that commentary on April 6th, the pair had already broken channel support on an intraday basis. While writing that post, I took a short position at 1.4321, which I shared with members at the time of the entry. I also added to that...
Hi guys, i wanted to share with you this simple structure play. If you zoom out or if you give a look at the daily chart, you'll see that we are now testing a key structure zone on the daily. Therefore i use to lower a timeframe in order to catch an inversion with nice risk to reward ratio. This level also lines up pretty well with the 618 retracement and the...
Hi guys, i wanted to share with you this simple structure play. If you zoom out or if you give a look at the daily chart, you'll see that we are now testing a key structure zone on the daily. Therefore i use to lower a timeframe in order to catch an inversion with nice risk to reward ratio. This level also lines up pretty well with the 618 retracement and the...