Respected follwers, EURCAD has formed Double top, which indicate bearish signal. We can sell it at current market price with sell limit as mentioned on chart.
EUR/CAD Trade Setup - You can Also set Risk Reaward Ratio- Warning- Trade Own Risk
W1: Devergence D1: My plan:
As we can see on chart that trend line is falling wedge and market is touching it, so in this way we can assume that market will fall from here. Keep money management.
EurCad has now approached a key resistance level. I believe now would be a great time to enter for sell orders. Sell price: 1.50888 Take profit: 1.49738 Stop Loss: 1.5100 Lets catch these pips!
EURCAD has now hit resistance and price rejected Also Stoch RSI has crossed over confirming the down trend PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
EURCAD broke out sharply yesterday, expecting this market to drop further, wait for a breakout. Though today is Thanksgiving day so not expecting much, but anyway. Trade Safe. Thanks for your support.
We have BOC rates decision today, looking at CAD rates, EURCAD seems to be good candidate to trade on BOC as this market is struggling at this area with underlying divergence, allowing a wider stop to see if it works out. Good Luck.
EURCAD has retraced to Fibonacci retracement level of 0.382 as previously surmised. from the chart you can see that the bears are slowing taking over as predicted before Also Stoch RSI has turned back down, i am expecting this to drop more. i will update if anything changes See previous analysis also PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
SEE PREVIOUS ANALYSIS AND AS BEFORE, THIS WILL GO DOWN LIKE, FOLLOW AND COMMENT :)
IF U DIDN'T NOTICE :) I AM EXPECTING A DOWNWARD CONTINUATION AFTER THIS REVERSAL LIKE, FOLLOW AND COMMENT ALSO SEE PREVIOUS ANALYSIS ON THIS PAIR
oversold so much need a egit pullback 72 pips is a minimum to next resistance
EURCAD going up for next resistant zone
EURCAD Going Down For next Support zone.