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
EUR/CAD 4/15/21 - Thur - 11:45 AM Head and shoulders (PR) Rejected on 500 level Rejected on resistance line (PR) rejected on pivot point Divergence on 1hr, 4hr, daily Long term downtrend (+) Short term uptrend (-)
The resistance trendline + zone has now turned into a support trendline and zone respectively, which also happened to be at a retest of the double bottom neckline. The close of this recent 4-hour candlestick will complete the morning star reversal pattern. All these confirmations have driven my bias into buys, which I will be holding as illustrated on the chart,...
Here are my Technical Analysis for EURCAD I expect the price to touch the resistance line and continue its fall down journey, This price predication will be terminated if it breaks resistance line.
Looking to enter longs on a pullback retesting broken descending TL in confluence to the 0.618 fib retracement and previous area of S&R.
Price broke trough resistance level ..Short to 1.48855.. Good luck
To build up on the analysis conducted this morning; the price action and Volume confirmations have been printed out at NY open with the Retail Sales and Core Retail Sales news that came out of the US around 14h30. The market is expected to head back to the 1.50000 area and if the potential Supply zone does not hold, it is expected to head to the 1.50500 area.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as...
EURCAD - Looking for short position Confirmation breakout trend line TP = 1.4700
We are in a long-term downturn that may touch the canal roof and then return to the canal floor or break the canal roof. Analyze simply and avoid crowds Be a deep sea, not an ocean on the surface .......
EURCAD appears to be willing to move higher again after this morning's correction. 1) The market made a bullish leg up recently, hinting at the aggressive presence of the bulls. 2) The market is currently testing a valid Demand zone that was tested once before and is expected to hold for the second time. 3) The market is testing a horizontal Support level around...
We could see this pair dropping below the previous low and a possibility to go even further up to 1.44215
The setup looks so beautiful on EURCAD!! Let's see how it plays out!
#EURCAD creating a SHS pattern, wait for confirmation!