EUR/CAD has been in consolidation on the 8H chart for now 3 weeks. It's failing to make a move down. Bulls are getting in and preparing for the bullish move thus preventing the pair to make a move down to a lower low. Leave 80-100 pips SL and double the TP. You will have to hold this position for arround a week or more. Trade safe.
EURCAD Has a perfect downwards trend-line going on that has not yet been broken. Very well respected, time to sell?
Respected follwers, EURCAD has formed Double top, which indicate bearish signal. We can sell it at current market price with sell limit as mentioned on chart.
Today price has tested a daily trendline which is in confluence with the 200ema and has showed rejection of this zone, but there is a secondary zone delimited for two trendlines 4 hour timeframe giving an extended zone around 1.5165 & 1.5190. So, keep an eye be patient and remember tomorrow is friday (trap day) and maybe this will be a good setup for next week.
AN OBSERVED TRIANGLE TP1: 1.50490 TP2: 1.50662 SL: 1.49868
EURCAD broke out sharply yesterday, expecting this market to drop further, wait for a breakout. Though today is Thanksgiving day so not expecting much, but anyway. Trade Safe. Thanks for your support.
We have BOC rates decision today, looking at CAD rates, EURCAD seems to be good candidate to trade on BOC as this market is struggling at this area with underlying divergence, allowing a wider stop to see if it works out. Good Luck.
EURCAD has retraced to Fibonacci retracement level of 0.382 as previously surmised. from the chart you can see that the bears are slowing taking over as predicted before Also Stoch RSI has turned back down, i am expecting this to drop more. i will update if anything changes See previous analysis also PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
SEE PREVIOUS ANALYSIS AND AS BEFORE, THIS WILL GO DOWN LIKE, FOLLOW AND COMMENT :)
Hey folks, We have now entered EURCAD buy based off a 1H 50 Bounce ( first pullback to the 50 EMA after 13/50 cross): Price @ 1.52316 SL @1.52116 TP @1.52516 1/1 RR 1% risk on this position Keep in mind, if price CLOSES BELOW 13 EMA we're going to take a scratch and close the trade! Confluences: - 13/50 cross - 25-50 pip pullback - Market Baseline (yellow...
Waiting for confirmation candle on the SR for short trade
We closed a daily candle above the inverse HS for confirmation. Make sure risk/reward is 2:1 or higher
EUR/CAD has broken the 50 ema and found support on top of it. We can expect the move to continue up higher as long as the 50 EMA holds as support. First TP: 1.5295 Second TP: 1.5345 Third TP: 1.5395
strong resistance above going short Sell @ 1.5135 TP @ 1.4805 +340 pips SL @ 1.5219 -72 pips