EURCAD – Price might go higher from price action perspective and
EURCAD – Price might go higher from price action perspective and followind weak Cad
Trend: Buy/ Neutral
Support/Resistance:
R3: 1.46639
R2: 1.46382
R1: 1.46122
S1: 1.45886
S2: 1.45558
Price action:
Buyers might be confidant because of Canadian Dollar weakness. Fear might be seen if the price reach higher targets. But still for long term decision, we need more facts.
Potencial trade idea:
Bulls targets:
T1: 1.46122
T2: 1.46382
T3: 1.46639
Bears targets:
T1: 1.45558
NOTE – We are trading EURCAD via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
ELITEFXACADEMY
Trend: Buy/ Neutral
Support/Resistance:
R3: 1.46639
R2: 1.46382
R1: 1.46122
S1: 1.45886
S2: 1.45558
Price action:
Buyers might be confidant because of Canadian Dollar weakness. Fear might be seen if the price reach higher targets. But still for long term decision, we need more facts.
Potencial trade idea:
Bulls targets:
T1: 1.46122
T2: 1.46382
T3: 1.46639
Bears targets:
T1: 1.45558
NOTE – We are trading EURCAD via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
ELITEFXACADEMY
Comment:
we need to wait more
Trade closed: target reached:
SECOND TARGET REACHED
Now buyers are in more calm zone, but still next candle has to stay above new support level
Now buyers are in more calm zone, but still next candle has to stay above new support level