. There is a possibility of temporary retracement to suggested support line (1.5253). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURCAD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
We may see continued EUR strength after first impulsive move we had. It looks to me as if we are breaking out of this flag pattern that was being formed.
👇Click the links below for free valuable information👇
EURCAD finally made the bullish move I had been anticipating on my previous idea published 2nd June. Unfortunately, my buy limit did not trigger and I missed the whole move! Very frustrating but nonetheless satisfying to see my analysis play out as expected.
At CMP we have a break of the descending triangle to the upside, in line with what appears to be a...
Price hit take profit level. Sweet bit of profit for the morning.
Now lets see how price reacts with the key level of 1.51000. currently see a retest. But lets watch this and see exactly what price wants to do.
MN-W1 price above ema-20/50/200. D1 price is above ema-200, price appears to be consolidating on as ema-20/50 are intertwining with consolidating falling wedge pattern. Price has bounced back several times from the high of 24-03-20, each time before reaching its price target a correction appears suggested by price trending above H4-ema-20/50.