Hi EUR / CAD pair analysis Enter the trade at / 1.52317 STP / 1.51277 ---------------------- TP1 / 1.53290 TP2 / 1.55578 TP3 / 1.56980 TP4 / 1.59859
this is why u will never get same position-answer from pro or amateur traders... somebody see this as assending channel somebody see this as break of minor patter-assending channel(revers pattern) whitin major pattern and ressistance(channel with little desending) so here u have nice buy option and nice sell option.... point of this is to never listen to other...
for trend trades i see this as end of end trend and up trend forming... wait for 50 ema or trend line to be confirmed then go long
As we can se the price is testing resistance in 1,54 area. We have strong confluence up there whitch is 2 times testing resistance and 2 times support, there is also trending line which was respected since September 2017, we had a break in May now price i retesting this line, There is also 0,382 fibonaci retracement. I decide to go in that trade now. Risk/Reward...
I will look to add to short positions if rejected where the arrow shows, downtrend backs the idea. I will update with some likes!
1H time frame shows a double bottom structure, currently in an uptrend back up to the neckline. Looking for a break or a bounce at the resistance level in order to enter a trade. One to watch over the next few hours to see if we get closer to the resistance level.
eurcad has a chance to rebound from the dayly lower bollinger(20.2) band to the 1.5 price level zone. FX:EURCAD
She is in the sell zone currently. Pattern type==double top Sell @ market 1.4620 TP @ 1.4400 SL @ 14820
THERE IS OPPORTONITTY FOR OPENING SMALL LONG TRADE AFTER BREAKING TREND LINE
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Got a little trade setup here. low risk high reward about 1:5 risk/reward Any criticism is appreciated any tips or questions im open to.
This is simply my diary of opinions on upcoming trades. Take only as Analyzation
Enter long position if the daily bar closes above the 61,8% level.
Well we're currently trading inside a bear squeeze or bear flag structure...Eventually it's going to break.... Sell @ 1.4070 TP @ 1.3750 SL @ 1.4270
Chart Tells everthing
Well it looks like bull crab... Buy @1.4800 SL @ 1.4700 TP @ 1.4900