Hi guys its kamy
we have EURCAD chart hitted the support line
its weekly chart so we should get our confirmation with multi-timeframe the chart
Wish u Profits.
tell me your idea in comments
EURO / CANADIAN it started to bullish..
trend line breakout happened for shark pattern...
make your trade setup depend on thia pattern...
have a happy trading....
this instrument has got two scenarios
seem bearish to our eye as it has done its Distribution after showing some Regular Bearish Divergence with MACD which is the sign of trend reversal and a retracement unto the Fibonacci Golden areas but it is conditioned to break the blue trend line and if so the we can have our 2 bearish TPs...
if not
then we have the...
eurcad on a very strong support and trendline, and several rejections already from the weekly timeframe, another week candle close should have a lot to tell us on price action, BUY BIAS
Euro/Canadian Dollar show an accumulation zone to get it in medium term, remember that in Daily the structure is turn bullish:
Now, in H4 timeframe, we are in two chartist pattern:
1. Bearish channel
2. Ascendent triangle
Bouth pattern are valided, but now, if you see, more appreciate is the ascendent triangle in H4 timeframe. And maybe, Euro want to drop a...
Short to march low/ support..use proper risk management and lot size...short now and hold for at next 4 weeks at least while trailing with tight SL. Pls donate whatever you can .Good luck
