Eur 13k long positions increased by professionals by last week, Commercials increased shorts 14k by last week. Eur long% increased 3% by last week. Professionals increased 2k shorts in Canadian, while Commercials increased 4k shorts in this week.
Price making lower low and lower high on daily time frame. but due to support around 1.5380-36 may suspect correction upside.
EURCAD: Diagonal pattern in the weekly chart, Triangle pattern in the daily chart
( Weekly Chart )
In the weekly chart, the largest waves have a triple structure, so monitoring the charts shows the end of the chart is in a form of 3-wave pattern that starts from the range of 1.2129. According to these explanations, the...
We experienced 230pips run in our direction on my last publication (see link below for reference purposes) on this pair with another trading opportunity building up again!
It is very interesting to observe that the market has continuously made its decision around the CA$1.55700 level since July 2020 which tells me that we can be confident to find a quick trading...
This pair is still trading inside channel zone and expected a retrace till demand zone and the buy this pair with a small
risk and ahead huge rewards minimum 300+ pips Friends support the the idea and dont forget to push and comments
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This pair is still trading inside channel zone and expected a retrace till demand zone and the buy this pair with a small
risk and ahead huge rewards minimum 300+ pips Friends support the the idea and dont forget to push and comments
Follow us for more updates
Since a successful Breakout on the 12th of Nov. 2020, Price found Demand zone @ CAD1.54800 eight good times before finally finding the momentum to Break out off Bearish trendline @ CAD1.55100 towards the end of the trading session on Friday to make a Bullish statement.
Tendency: Uptrend (Bullish )
Structure: Trendline | Supply & Demand
Observation: ...
In the EURCAD chart above, the price made a five-wave impulse rally, in wave "i". According to the Elliot Wave principle, a three-wave correction in the opposite direction follows every impulse move.
In EURCAD's case, the corrective move has been taking the shape of a double-three pattern which seems to be completed or still has the potential to make another...
After a very short-lived dive under 1.5450 support, EurCad has recovered quickly and reached 1.56 resistance.
In the last 4 trading days the pair traded in 100 pips range between 1.55 and 1.56 and I believe this range will be broken to the upside.
Buy dips is my strategy for this pair with a soft target at 1.5650 and a medium-term target at 1.57 resistance
