EURCAD has been forming Lower Lows and Lower Highs and has retraced to the 61.8 Fib in the 4hr time frame great opportunity to go short
CURRENCY PAIR: EURCAD ; Time Frame: 1D - 4H; SHORT OPPORTUNITY. R/R Ratio : 3.0 Retest broken trendline + support line.
Using the Daily chart trend, I'm expecting a strong sell on EURCAD.
Looks like we can expect some bearish momentum next week. Looking for a potential entry.
Eurcad Trading around 1.4735 level where its ignoring above 1.4850 level and weekly top also seems around 1.4850 level. If pair hold below 1.4850 we can see drop toward 1.44-1.45. Advice to sell pair in range of 1.4730-1.4820 SL above 1.4920 TP1 1.45 TP2 1.4350
This pair could have broken support, but i will wait for confirmation before taking a position
EURCAD on the daily time frame is getting close to its lower range and from above its getting squeezed by a resistance. This gives the chance on a nice strong upwards break the next days that can give 250 pips TP: 1.4990 SL: 1.4630
Hi guys, this is a trend continuation trade that i was paying attention to from last week. Now price has finally reached the structure zone and i want to be able to capture the movement that can be generated here, hopefully on the right side, that i think is bearish. That's why i'm waiting for a double top completion in order to get an entry signal to the...
Hi guys, this is a trend continuation trade that i was paying attention to from last week. Now price has finally reached the structure zone and i want to be able to capture the movement that can be generated here, hopefully on the right side, that i think is bearish. That's why i'm waiting for a double top completion in order to get an entry signal to the...
We can see the EURCAD has now formed a double top. For this chart pattern to be valid, price should break the neckline to validate the double top, pushing price further down. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater...
eurcad searching confirmation for short
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.
Looking at the chart, 1.465 being the critical level as it served as a support prior to the breakdown on 12/7/2016. 1.465 was tested twice on 18/7/2017 and 20/7/2017. Worth putting this pair into your watchlist for the next couple of days or weeks. If it breaks and closes above 1.465, go long, TP 1.481 (160pips). But my bias is it is going to stay below 1.465,...
Our preference: lighten as long as 1.4707 is stopper with 1.4491 as objective. Alternative scenario: the overflow of 1.4707, will validate an increase over 1.4785 and 1.4832. Comment: The RSI is below its neutral zone of 50. The MACD is positive and below its signal line. The MACD must press the zero line to confirm a continuation of the drop. In addition, prices...
Things dont look over yet for the bearish trend on EURCAD at the weekly time frame. Expect more bearish downwards movements the next weeks. And lower range has been broken and it has opened the way for at least a 400 pip fall. This ofcourse, is on the weekly time frame. so on the daily, 4h and 1h time frames there will be plenty of retracements up that you can...
EURCAD .Waiting for a close outside this range (around 1.4495 level) then I am selling this pair.