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
EURCAD Going Down For next Support zone.
Midterm forecast: While the price is above the support 1.4800, beginning of uptrend is expected. We make sure when the resistance at 1.5360 breaks. If the support at 1.4800 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The descending flag taking shape suggests we will soon see another leg lower. There is a...
EURCAD SELL En zona de reversión. Esperar a confirmación de pullback. Vender EURCAD Entrada: 1.51950 Target 1. 1.51430 (50 Pips) Target 2. 1.51000 (90 Pips) SL: 1.52180 (-25 Pips)
Idea well described in the chart.
EUR/CAD is offering a good entry point for a short swing trade. FX:EURCAD
Waiting for confirmation candle on the SR for short trade
strong resistance above going short Sell @ 1.5135 TP @ 1.4805 +340 pips SL @ 1.5219 -72 pips
Note how the daily candles are respecting the EMA50 and also testing the upward channel after the break. There is enough protection to go with this trade... Also note the divergence on the H4
EURCAD daily chart has printed a nice rejection candle at daily resistance and 38.2 retracement fibonacci which suppose to be a new lower high.
EURCAD is alos approaching resistance where we expect a drop below this level
The larger time frame suggests that there is more downside to come on EURCAD. The current corrective structure has broken and I await the break of the smaller flag formation. This could come in the form of 3 or 5 waves as indicated. Contact me via direct message for any assistance required Happy trading! Linton
ON THE WEEKLY, PRICE HAS BROKEN OUT OF AN ASCENDING CHANNEL AND IS CURRENTLY RETESTING THE LOWER TRENDLINE FOR A BIGGER SHORT MOVEMENT.
EURCAD is in uptrend since 29th June and now at good buy level. I am expecting to go price near to 1.53000-1.53500 zone for good risk reward ratio.