Hello,
Welcome to this analysis about CADEUR, we are looking at the 4-hour timeframe perspectives. As I discovered recently CADEUR has completed a very important formation which can be the determining factor in the upcoming times especially when CADEUR continues as expected. As when looking at my chart now we can watch there how CADEUR has formed these two tops...
Evidence:
1. MA 200
2. Morning Star
3. RSI Divergence
4. Daily Level
5. Price movie continuously downward
6. Market Structure
NOTE: Take this trade after doing your own Analysis this is just an Idea of what I am doing. Do this at your own RISK.
The prices are in the rising wedge. We expect the prices will proceed in the rising wedge . RSI is overbought, and Aroon shows us that the value of the CAD is still increasing against the EUR.
We expect the price to retest the downward trendline as a support therefore it´s recommended to take a short position at the current levels as we got a bearish candle close...
we are at the microwave 4. correction Price can be continue to the support ranges.
For now We are on the support of ma 50 and fibonacci 38.2.
If the stochastic is signaling and the Moving average 50 is not broken, we can see a rise to tmw1 as 3
Hi Guys
As you can see in 4h timeframe, we have 3 strong resistance (Moving average 144, dynamic trend line, horizontal line) in 1.43500, That in my opinion, we are in a strong zone that can make the price down until 1.42387.
good luck
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Strategy : Bullish MAX butterfly.
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Indeed. This pair has been doing so for a while anyway, with no evidence of a pivot. We are just continuing with the general trend here. Goals in green, invalidation in red. Not financial advice, do your own research.
Europeans are doing something right. Or is it just the speculators doing their magic? I don't know and it doesn't matter. Undergoing Subwave 4 now, looking for Fib Goals highlighted. Again, none of this is financial advice, do your own research.
SAXO:CADEUR the price reach to resistance line and it didnt break it and it going with the decendin trend line i guess the price will go down till it hit the support line to go up again respecting the up trend line
