Hi guys, earlier today i've posted another idea about this pair, but the scenario is now changed. As you can see price broke through the previous support and it's now sitting right into previous resistance (that should also provide some selling pressure). In this resistance zone we also have some confluence: a bat pattern (just completed), a psychological round...
Hey guys, some simple price action analysis here. On the daily timeframe price is going to retest previous support that once broken should become resistance. On the lower timeframe (4h) we can see some different clues pointing in the same direction: first, a butterfly pattern that's completing very close to the structure (black line), second, a .618 and a .382...
Hey guys, some simple price action analysis here. On the daily timeframe price is going to retest previous support that once broken should become resistance. On the lower timeframe (4h) we can see some different clues pointing in the same direction: first, a butterfly pattern that's completing very close to the structure (black line), second, a .618 and a .382...
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IT LOOKS LIKE A BREAK OUT AND IT RETESTED THE TRENDLINE SO I AM WAITING IT ON THE SUPPORT ZONE TO HIT TP @1.38700
Eurcad Trading around 1.4168 Where on Monthly its change its trend up to down if Eurcad hold below 1.45 soon we can see 1.31-1.33 level where Strong support seems around 1.4040 a little support it can hold where if hold above a upward toward 1.43-1.44 we can see where if breaks 1.4040 and hold below next target may b 1.32-1.33