eurcad sell stop , we hope to give us 180pip i.n
The counter is currently sliding down in a descending channel. It hit the upper parallel and is coming down strongly. Further, the RSI indicator has formed a head and shoulder pattern. Hence, we expect the pair to be bearish in the near-term.
DISCLAIMER: My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Good Luck!
Hey tradomaniacs, currently it is very hard to predict the price-pattern as the market is very choppy due to upcoming speeches this week. Overall we see a valid flag-pattern of EUR/CAD which could give us a nice chance to sell the upper trendline within the resistance-zone of the weekly chart. Currently I`m waiting for more fundamental impulses to get a clear...
Hello my friends, I sometimes switch to line chart for a better perspective in drawing lines. It eliminate many noises and only focusing on candle close. EURCAD making a nice falling wedge / wolfe wave pattern at daily timeframe in my opinion right now. Price are bullish and moving inside the line i marked. Yesterday candle / friday candle closing below it which...
Price is starting to break out of the ascending channel indicating that we could see a push to the downside, retesting 1.5600. If price breaks 1.5600 next target would be 1.5475 If you have any questions please feel free to comment below.
EURCAD is now in an uptrend. Price seems to be exhausting and looking for a pullback for an entry. Look for price to do a retest at the last level that was broken or look for price to make a double bottom at the higher low. These zones also are in line with the fibonacci levels.
looking for price to retest the resistancce so I can scalp into a look.
Waiting for price to break the highlighted area and a pullback before entry
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 decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money...
EURCAD reversed off its resistance at 1.57291 where it could potentially drop further to 1.56199. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
eurcad seeing a potential up move and expecting making yearly high, good luck
EURCAD has hit the KEY LEVEL where it also reversed before multiple times if you look in the D1 Chart, wait for Bearish price action to confirm and place SL Just above the Key Level Shown in this Snippet. PLEASE NOTE : This is Just personal preference I will not be responsible for any loss. Tell me your views on this in the comments.
Eurcad is setting for a reversal, watch price action to add on corrections, we are at the top on this pair Good luck everyone
Euro has been showing a bearish pressure across the board, finding resistance towards the descending trendline, it allows the setup of a short entry if the price doesn't manage to get support in the current level. The order: Type: sell-stop S/L: 47 pips - R:R | 1:2 - T/P: ascending trendline -- *** If you like the idea, don't be shy, click on like and comment....