Since the Euro dropped from above 1.53500 level in late June 2020, it finally pushed above this Key level this last week coming from a Double Bottom and bringing prospective opportunities to the table for Buyers in the following week(s). Tendency: Uptrend ( Bullish ) Structure: Double Bottom | Breakout | Trendline Observation: i....
Use arrows as entry points..over all bias is bull..trade smart..be BLESSED
EUR/CAD BUY STOP @1.5300 BUY LIMIT @1.5200 SL: 1.5050 TP1: 1.5400 TP2:1.5600
In the 4-hour chart of #EURCAD, we see that the price broke out the wedge pattern.. It is likely that the price may retest the break-out line.. There can be a long setup opportunity for #EURCAD.. I expect a price action as I mentioned on the chart.. We will wait and see.. Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at...
EURCAD AFTER LONG FIGHTING OF RANGING IT IS TIME TO GO LONG , DEAR TRADER FOLLOW YOUR RISK MANAGEMENT
Some clarification for last post about EURCAD
ENTRY: 1.51450+- TP: 1.52200 TP2: 1.52900 TP3: 1.53600 SL: 1.50600 Chart time frame - 1W Time for reaching TP - 1-2W Follow, Like, Share or Comment Thanks on supporting! All best!
The outlined white arrow pathway is the predicted pathway that the EURCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURCAD will turn. NOTE: THIS IS ESSENTIALLY THE SAME PREDICTION I MADE AS LAST WEEK EVEN THOUGH I CHANGED FROM SHORT TO LONG.The difference is...
Will be interesting to see price action in this congestion area. Though higher time frames indicate that we are in a retrace towards the downside so we can see a continuation of price dropping to 1.4413, but lets just keep an eye out for what market does around this current level. This could easily turn to support as well if we see more momentum to the upside. No...
ANALYSIS ON EURCAD Welcome to my analysis - 30min CHart - Interesting Point of interest In the EURCAD pair. - Price testing 200 day EMA. - look for buy signals. - Expecting some more upward movement. - Watch 1.47700 for Take Profit (TP). - MACD showing bullish divergence Stay Tuned
1:2 Risk reward. 50:100 Setup is invalid only AFTER an H4 candle closes above risk zone.
D1 -->> structure: downtrend -->> tendency: downwards -->> sell valid if it fails to break the cloud
D1 -->> structure: downtrend -->> tendency: strong downward momentum -->> very weak chance to move up -->> sell to target
Explained On The Chart! Check Out The Trend!
Self Explanatory... We are still looking for a buy even though we were 13 pips in profit and got thrown into the negative on a hour 1 swing low! Still Holding a buy!