A bearish signal on the EUR-CAD weekly chart with the target in the area 1.4210/1.4290 and stop loss at 1.5660/1.5680.
There is a possible retest after trend has been broken. If retest fails, then we might go Long at 1.49442 region.
possible to bulish inside bar active and start pullback for retest channel support.use buy stop pending order
That wawe analysis i 90 % work. But 10 % is risk thats why all trader should know their risk. EurCad Long
EURCAD Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candle formations - Price at 61.8% Fibo levels of previous High - Low - Stochastic Overbought momentum - Fundamentally, positivity is slowly returning to improve sentiment about global demand which is likely to spur oil prices and with OPEC looking to react to such low oil prices, CAD...
W1: Devergence D1: My plan:
EURCAD is alos approaching resistance where we expect a drop below this level
Eurcad - Weekly chart - bold call on this pair for a big swing down, although monthly chart looks neutral.
We can see the EURCAD has now formed a double top. For this chart pattern to be valid, price should break the neckline to validate the double top, pushing price further down. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater...
Since gapping up, price has tested and respected a major support/resistance area bounced up from it. Today we've seen price has touched this major support level and price did pierce through but quickly pulled backed and has respected this level. Zooming in on the 4H time frame, candlestick pattern confirms a reversal in the downtrend to an uptrend is probable and...