If the Midterm level 1.5050 is broken, we will close open trades.
Price may also reach 1.5050, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to OUR STRATEGY , and depends on personal strategies.
EURCAD has pushed relentlessly north for the last 15 hours and we have overbought conditions on several time frames. WR1 is now in striking distance. This will be an irresistible target for EUR BULLS and its likely the BEARS will stand aside ready to pounce when the price hits WR1. This is a nice setup as SELLERS will avoid the market until this level is...
A longer term trade here looking for a re-test then a bounce off resistance. TDI market baseline still decreasing but flattening showing a possible end to the bearish sentiment on this pair. MA Cross looking like by the end of play today.
A possible TP at the clustered resistance (yellow line). Wait for confirmation on this longer term trade
Daily - Expecting a pullback to the most recent area of support, which also lines up with the 50ema. We have seen several rejections of the descending trendline and the most recent resistance area.
4HR - If we drop down to the 4hr we can see that price broke the ascending trendline, if we get the pull back expected, and a retest of the descending trendline, I...
On the Daily price has made an impulsive move to the upside and then consolidated in a falling wedge pattern after testing and faking out of the psychological level/support of 1.5200.
On the 4 Hour we can see price has stalled and started to retrace towards the fib levels, 50 EMA and Market Structure so upon interaction and price action confirmation we can look...
We have seen a nice bearish run on this pair and now consolidating in the support zone. We have seen a nice bullish engulfing candle from the zone which suggest that me might see a bullish run soon. I have gone long on this one and marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
ENTER AT OWN RISK, MUST TAKE RISK MANAGEMENT PRECAUTIONS
- Broke through previous support
- Price consolidation between .786 and rejected below golden zone
- Price now in bearish momentum
- Rebounding from major price resistance in previous week which begins bearish momentum
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In weekly Price its showing bearish momentum
IN 4H Price its stuck in a Ranging market for almost 3 weeks.
If price can broke the strong support (1,5250)
Then structure its confirmed for a downtrend
price target (1,48000).