Good morning traders! Today we will analyze EUR/CAD, as it is bouncing in a critical zone, and it is worth analyzing it since we can take advantage of both the bullish and the bearish situation. 🔸As we see in the published chart, the price bounces off the Ascending Trendline, where several rejections have already been rejected. We can expect a similar situation...
Same analysis but different time frames. this is the 4hr chart. where I got my supply zone first. still has not returned since the second touch. my reason for not thinking it will come to that supply zone is becuase there are smaller demand zones before the big demand zone if that makes sense? I'm honestly posting the best way I look at a chart. im still 3 months...
Wycoff accumulation around a point of interest Price is getting ready to reverse at a 4hour institutional candle. I hear the money is made in the waiting so this is a longterm buy
This is a good probalitity trade idea based on Price Action. Comment or like and subscribe to promote more free analysis. Thanks
EURCAD buy now after it tested support and trend line successful EURCAD TYPE : BUY TF : H2 ENTRY PRICE : 1.4825 STOP LOSS : 1.4735 (92 PIPS) TAKE PROFIT : TP1: 1.4845 TP2: 1.4885 TP3: 1.4960 TP4: 1.5025 TP5: 1.5115
right now the price is attacking to break out if breaks out from top it goes to the upper zone and after that to the upper trend line and if it breaks of from bottom it comes down to the mid zone of the base it broke out of and then the bottom of the base
after rejection from bullish supporting trend . now i am looking eurcad as bullish till new HH . Best Of Luck
LONG trade analysis on EURCAD . Graph is looking bullish from lower trendline and support zone . On chart is seen Hidden Bullish Divergence as well, which confirms price rise . Trade idea is also shown on RSI indicator. If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
EURCAD seems to be going long in near future
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lets have a look at how oil goes, so im gonna go ahead with 2 positions, one in EURCAD and one in USDCAD no super confident on EURCAD, as EUR has been also weak, but analysis tells that this can see another push up.