CAD is strong Oil going up Crossing paths of currency strength graph A return to previous levels One should take partial profits and BE 75% into the trade ready to close out on pull back to lock in profit. Lets See : )
Based on price behavior and my algorithms, currently we are bouncing off of an order pool and should begin a downward trajectory to the designated profit target.
Once again same pattern of pulse->pullback-> Break Fib(0) and retest Fib(0)
Gold playing out nice and EURCAD still dancing lets see how it will playout during New York
EUR/CAD is rising towards a resistance zone that is bounded by the descending trendline and Fibonacci retracement levels. It could potentially reverse off this zone to drop lower. Sell entry is between 1.4650 and 1.4655 which is a resistance zone that is bounded by the descending trendline and Fibonacci retracements at 38.2% and 50.0% levels. Stop loss is at...
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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...
Initiating a short position based on algorithmic trading signals.
4h + 1h + 15m sideways 15m bearish order block Expect the price to retrace to the range equilibrium.
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. EURCAD NEW BEARISH IMPULSE. 📚 👉As we can see price is trading inside this falling channel, making clean lower lows and lower highs. 👉Then we are interested in looking for new bearish movements, Meanwhile, from an Edge over...
Waiting for price to retest 1.46349 and Sells after confirmations. or Waiting to cross price 1.46204 and Sells after confirmations.
EURCAD is following a downward trendline which it has respected severally. It has now retested it again and seems likely to continue downwards to around 1.45870 or beyond.
The Euro/Cad pair has recently completed a Gartley harmonic pattern and is currently showing bullish momentum. If the price breaks out of the pennant formation to the upside, we could potentially see the formation of an AB=CD pattern.
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
From the 1.4551 level we could see buyers coming into the market, but not all entered so the market returned to the area acculating its buy orders. We recently broke structure at 1.46009 level, this confirms that the orders are all filled. We are looking to reach 1.47604 level as target!!
Depending on how structure stabilizes, we have two different scenarios for buys.
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 !!!