Hi guys, hope all good. As you can see a medium-long term channel has been formed, we are on the bottom edge of it and the price is experiencing a very nice consolidation, which is in this case our trigger. Set up: -Stop loss right below the consolidation, around 40 pips -Take profit in proximity of the next resistance level, around 120 pips -3:1 risk reward....
Eurcad looks like one more up, then down....Lets wait and see...
Pair does not want to go down, rejected at previous support of 1.50 Still an uptrend on the daily chart 1:1 Risk Reward
Playing wedge's bottom; confirmed bottom trendline and a speculative top trendline. If breaks out bottom, bottom trigger can be used to short until second or first bottoms. if respected, bottom trendline allows for a very tight R/R that can be comfortably left alone due to no major news in sight. Once over and once the top trendline is confirmed, a breakout...
EURCAD has created a fresh new demand, which is also Quasimodo Level, it seems that the final destination for the price is the supply Above, therefore if the price will come back to the Quasimodo level, I'll buy there, my target will be the supply above.
Still maintaining bullish structure, strong momentum after the bullish breakout. Currently holding HNS pattern in H4 , good risk and reward based on the current setup.
Ready To Set Pending Buy Limit In That Area And Take TP To The Top
short analysis ... Expanding Triangle eurcad, h4
i SHort the eurcad i found cad is undervalued and i see nor eason why eur still strong the eu cpi was just in line with expectation and core cpe missed expectation 2 ifo this morning was bad..he up just because of risk sentiment and speculation same as gold short at 1.5251 target 1.5133 sl 1.5315 gain 152 SL =64
im looking for a perfect buy eurcad perfect retracement enter in trade at 50% fib tp minimum 100pips
EURCAD Harmonic Pattern - Thank you for your likes and comments. You can follow my other social media accouts :)
IMO This is good point for take risk... because of RR ratio... But better if wait for confirmation...
Using simple trendline and Support And Resistances, watching the EMA's on higher timeframe.. I see a trendline re-touch..
Could see a turnaround in EURCAD here as we see it come into a strong area of resistance before that previous downward fall.
Due the economic on eur zone is worst and lot of Monday manipulation. it will be a good opportunity to short it
Currency pair - EUR.CAD Chart timeframe - 4hr Area of interest - 1.5320 & 1.5374 Chart pattern - Bearish Bat Potential target 1 - 1.5166 Potential target 2 - 1.5072 Potential extended target - 1.5024