Hey guys, this is a Gartley advanced formation that's about to complete. I think it could be a good idea since price is fronting a structure level that has been respected in the past. I'm using a AB=CD pattern as entry technique in order to have a better risk to reward ratio. Stops below X, targets at .382 and .618 of AD leg. Good luck! Feel free to comment below...
EUR is not having a great day, but a shift in good numbers from EUR will trigger a bull reaction and may reverse EURCAD. I am waiting for this to happen because every indicator on this chart is hinting a bull reaction. Wait for a confirmation before going in. Risk/Reward adjusted to 2.7.
These days CAD is been a strong currency, that can not last. I have my eye on EURCAD. It have been sneaking upwards in its indicators and waiting for it to break 10EMA and 55MA before taking action.
Using The 20/80 strategy on the fibonacci retracement we find that it has to at least return to 50 that would be the take profit 1
The EU made a massive push to the downside, leaving the EU slightly over-sold at the moment. If uptrending support holds, we could have a nice bounce up. As always, keep an eye on news and don't hold losing trades! If support fails, get out.
Hi traders, i want to share with you some of my analysis here on EURCAD. Right now we are sitting on a daily support level (blue line), which was rejected more than once by price. We have just put an engulfing candle after a 1pip-missing double bottom. This could be the first signal of a big reverse, together with that huge rsi divergence going on for the last...
We rode this baby down and now it reached a good PRZ. The details are in the chart. Like if you agree, follow and support please! :)
we have a broken trendline and MACD divergence.
EURCAD Buy Idea This pair broke the yellow top TL and created a bullish convergence. We need a two wave move down to retest the TL in order to long. TP 1 1.4805 TP 2 1.4990 SL below last low + 2 pips + spread 1.4570
EURCAD Buy Idea After a double wave cycle price broke the 1.4666 level with a False Break. Now buy the break of the red trendline aiming 1.4850 SL two pips below last low before the break-up.