Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
the analysis of this pair is still in line with the last analysis. the price is heading to the SnD area and is stuck. there is a possibility of sideways before the price continues the bullish trend again.
if you look at the movement of this pair on the D1 time frame, it looks like the price is stuck at a fairly strong resistance, and last week the price managed to breakout from the resistance (SR Flip). if you look at the bullish candle that formed a few days ago, the possibility of continuing the bullish trend is still strong. you can go long when the price...
This is dropping strait onto the 200 Months Ema. (In conjunction with a final Equities Blow-off Top ). - After which, this should be a one-way Long for the better part of "forever". (EUR positive account balance vs. CAD, a purely speculative bubble - in no small part where the Wilshire5000 / GDP having just hit 200%!)
The Weekly;
EURCAD short-sell daily timeframe overbought rsi, bb and demarker in weekly
1.52 price respected resistance 2017 yearly and 1.42 support support 2017 yearly
1.40 price possible for take-profit until next week economic calendar euro weak release and cad strong release
Moving averages, macd, macz-vwap and rsi ema crossing for short
Strength momentum indicator...
in respects to recent EURCAD analysis..
false break - strong bullish push to new highs - retest & continuation
looking to secure recent highs but first need confirmation on next bullish move into higher targets
(check higher time-frame on recent EURCAD analysis)
anticipate - react - execute
cheers
