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...