I was asked a detailed opinion on a forum so I decided to report it here.
The question was about going Short on EURCAD @1.4227 after the bearish pin-bar where the pair closed yesterday.
Looking at lower timeframes I had marked one at 1.4251 which is currently where the price is being contained after dropping yesterday afternoon (the price started to move in the...
i want to share an interesting opportunity that i spotted on EURCAD. In this par on the 4 chart price is consolidating right at a previous daily support level. As such, i seek for trading opportunities down on the hourly chart. Here we can see two different opportunities, both long.
The first is a Bat pattern, the second is a 2618 trade.
Both the entry...
Current position on EUR/CAD +45 pips up.
However we have now had the break of this 5 wave triangular structure to the downside so i am expecting more downside momentum to continue.
Daily support at 1.38800 is our next key level, if we break below that we're heading way down to 1.37600.
For more trading info head over to my instagram - Tag in BIO.
Eurcad strongly hold above 1.39 level and now Trading around 1.4085 level as long as its above 1.38 level we
can see a upward where Target may b 1.44-1.46 will not surprise also its change its trend down to up and above weekly pivot 1.3930.
Buying zone 1.4085-1.3930 sl below 1.38 TP1 1.44 TP2 1.46
i want to share with you some of my analysis here on EURCAD.
Right now we are sitting on a daily support level (blue line), which was rejected more than once by price.
We have just put an engulfing candle after a 1pip-missing double bottom.
This could be the first signal of a big reverse, together with that huge rsi divergence going on for the last...
Carleton Capital Exclusive are looking to SHORT EUR/CAD from 1.4646 as our Trade of the Week.
We are currently at 1.4523 (10:17)
Historically the area 1.4612 to 1.4682 as been an active area and all the indications are that should this pair move north this week then this area will come into play again.
1.4646/7 looks to be a likely reversal point this being a...
EURCAD tested resistance above twice and finally came down with a weak candle. Look for downside breakout around yesterday's low, the target is around 1.4520. Be careful about the 100% fib extension at 1.4580.