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...
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...