According to the price condition now it is facing a very strong resistance that forms a celling to it right now and it created a downtrend line with 2 waves and now we are about to create the third wave.
If u used ur fib tool u will see that the price is near the 61% and 71% fib level that’s why i chose to put a sell limit order around 1.46750.
I also chose 50...
Market Structure Bullish on HTF
Weekly Rejection at AOI
Weekly and Daily Around Same AOI
Previous indecision candle on the Weekly
Rejection at Daily AOI
Previous Daily Structure Point
H4 Rejection at AOI
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is...
OANDA:EURCAD is showing potential reversal from current zone. It is currently trading in potential reversal zone of XABCD butterfly pattern along with ascending trendline retest and bullish divergence confluence. These evidences suggest a potential up move in EURCAD from here. We can look for buying setups.
Hello Guys,
So there's not so much clarity on the 3M timeframe, however, on the monthly chart, there is a clear W pattern that should lead to a bullish impulse move. There is also an unmitigated continuation order block I would like to trade off from.
Dropping into the weekly timeframe, there is a clear shift in market structure, and inducement of early buyers,...
Nice looking Gartley 222 respecting well the textbook Fib levels. Not exactly with the trend hence the longer target better be the closest top and not further as the chance of getting a 161% extension is not that great.
At 1 to 1 or at the 61% Fib retracement put stop to entry.
Bulkowski has an interesting article about bullish Gartleys quoting that the hit rate...
My dear friends,
Please, find my technical outlook for EURCAD below:
The instrument tests an important psychological level 1.4643
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4696
About Used Indicators:
Super-trend indicator...
Hello,Friends!
We are targeting the 1.465 level area with our short trade on EUR/CAD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
OANDA:EURCAD
The price of the currency pair is expected to start a downtrend after reaching the resistance level of 1.45867
Consider your risk management before entering a trade.
Pay attention to economic news and events that may affect the EUR and CAD exchange rates
eurcad long trade setup
* a stop hunt occured
* 1h/ displacement after red news folder
* we have failure swings on the left ( low resistance liquidity run )
* we are on the mean thrushold of a daily ob+
2RR
not a trading advice !!!
EURCAD LONG
DAILY
- Inverse head and shoulders
- Buy zone
- Trendline 3th touch
WEEKLY
- Inverse head and shoulders
- Buy zone
- Natural M
4 HOUR
- Inverse head and shoulders
- 68 fib completion
Impulsive aproach of zone of interest
-wait for entry: decelleration or small pattern
So I've been getting some questions from some of my students and followers regarding what are some low risk pairs to trade this week.
The first thing I like to do when deciding on which pair to trade is find the pair that is primarily consolidating on larger timeframes such as the daily.
After spotting a consolidating pair, I then want to decide which side I...
-Weekly bull move pullback holing right on 26 ema.
-Weekly reverse hnd formation.
-Daily consolidation area with absorption around the 40% of the original bull move.
-Second consolidation with a shakeout around 50% of the move.
Entry after a confirmative strong bull candle-move or after a bullish pattern.
Stop bellow the pullback move that takes...
Asian high swept in the London session. Market structure shift and left behind an imbalance which has been filled to get an entry. Shorts targeting sell side liquidity.
Price is falling towards a support level which is a pullback support that aligns with the 78.6% Fibonacci projection. A bounce from this level could lead the price to rise to our take profit.
Entry: 1.46155
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci projection
Stop loss: 1.45877
Why we like it:
There is an overlap...
price has reached the first support area, the price may go to next support area before going bullish... some Cad news tomorrow to watchout... but I think price will likely pick up soon... good luck
