After the breakout of the ascending channel, the price is finding resistance on Fib golden level 0.618. Confirmation by candles is expected for a bearishness prospect before placing any trade. *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
Hello everyone! Seeing a trend reversal on EURCAD here, on the H1, prices could see a pullback to test the entry which is in line with the 78.6% Fibonacci confluence levels where we could see a bounce here. On the daily and H4 time frame, in terms of market structure, the resistance zones have been broken. I think we could be seeing a lot more upside on EURCAD...
Hey everyone! Prices are testing resistance in line with 78.6% retracement and extension where we could see a reversal here. Overall direction for me on the bigger time frame is still bullish, playing the pullback here. What are your thoughts on EURCAD?
A higher time-framed bearish pennant has formed ,with CAD Interest rate statement underway ,we can expect the continuation to be executed by the bear and taking charge for a considerably long period towards the 1.40000 levels. Not only the fibonacci levels have proclaimed the movement but also strong support has been immuted into a resistance which is holding...
This buy is valid on our EURCAD 30M strategy. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. As you will see this 1:3 RR strategy is a real strong one. Do many of you guys back test your strategies? Having a strategy tester built in to the script and knowing all...
Waiting for price to retest resistance before looking for a short opportunity
Hey everyone, I am bullish on EURCAD on the larger time frames as prices have broke the previous resistance zones. On the H1, EURCAD is facing pressure from resistance and could see limited downside to test our support area here, in line with the fibonacci confluence levels before the bounce. This week market will also be watching closely for BOC and ECB...
Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. The strategy in use works so well on this pair 😍 ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen...
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Hi Traders, EURCAD decline from 1.48216 high unfolded as a five-wave impulse sequence. According to the Elliott Wave principle, a three-wave correction in the opposite direction follows every impulse move and that's what seems to be unfolding currently. This correction has the potential to retrace 50-78.6% of the impulse, and also retest the corrective parallel...
EUR - Weak Bearish 1️⃣ A comment from European Central Bank policymaker Panetta says that it may be too early to discuss a reduction in emergency bond purchases. CAD - Strong Bullish 1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the loonie higher. 2️⃣ The Canadian central bank is expected to keep its current guidance on...
#EURCAD market is moving in a bearish channel. And it will sell up to strong support.
#EURCAD HERE IS THE POSSIBILITY ON EURCAD SELL WAIT FOR MARKET OPENING
Prices are facing bearish pressure from horizontal pullback support in line with 61.8% Fibonacci retracement. Prices might push donw towards horizontal swing low support in line with 100% Fibonacci extension and 127.2% Fibonacci retracement. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 78.6% Fibonacci...