EURCAD broke out of the daily zone of consolidation with a lot of buying pressure but the one thing is that for it to breakout of a very important zone there is surely going to be a retest back to the daily support zone. . If we see a bearish rotation on the consolidation then the breakout is not certain . But if it breaks out of the consolidation then we are...
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...
Hi Traders , so ECB news will be out soon. I expect that EUR currency will be strengthen or push up high for short term as 25 FEBUARY UK-EU MEETING FOR BREXIT TRADE NEWS. Just some simple setup for EURCAD. All the best to all traders . PLEASE USE GOOD MONEY MANAGEMENT !!!
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
Expecting a bullish momentum since we broke the channel / bullish flag.
W1: Devergence D1: My plan:
Technical Analysis i) The lows at the end of May kissed the .236 fib level producing a substantially large wick, an indication that the bears are losing momentum. ii) This was followed by a strong Bullish Pin Bar which printed on the .5 fib level suggesting that the May lows (.236 fib level) had a strong potential to be a reversal for the short term. iii) We...
OANDA:EURCAD SELL Hello traders here we have strong demand zone and possible double top pattern so i sell from here, targets on the chart
Counter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is...
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
Using the Daily chart trend, I'm expecting a strong sell on EURCAD.
I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade. For the past days, I've been obsessed with Canadian Dollar pairs. If this Forex pair does break the graphed line, it may possibly dip to the 1.42500 area.