- My first ever publish of the analysis. It has broken through the 4 hour resistance and retested. Now entered the trade for a long this could take along time to get to the TP.
- Please leave me any feedback which would be really appreciated on this forex journey.
I really enjoyed studying this pair.
Looks like a clean (textbook) set up to me....
Couldn't help but noticing that price is creating higher lows on the lower time frames (M15).
While I do not do my analysis on the M15 time frame, I sure do enter into the market from there!
What a great time to be learning more about the moves of the market!
I'm happy to...
In the 4-hour chart of #EURCAD, we see that the price broke out the wedge pattern.. It is likely that the price may retest the break-out line.. There can be a long setup opportunity for #EURCAD.. I expect a price action as I mentioned on the chart.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at...
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...
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.
We can expect a potential bullish movement here for EURCAD. Due to the news EUR was very volatile this morning, as NY opens it seems to have stabilised. We can see a potential reversal from a previous area of resistance