As you can see looking at this graph its in an downtrend. Support and resistance is shown 3 times circled in the blue. this is going to be a nice profit if goes right direction which i am sure of.
Looking at the detailed chart you can see its in a uptrend market, this could be GOOD trade to buy and long hold. But place tp near red trend line at top where market could resist and head down.
In a downtrend, would recommend you placing these resistance lines yourself if chart bounces of top and starts heading down sell and place TP around bottom blue line if your looking for short term profit If price rejects of bottom and goes up do the same as before.
HEAD AND SHOULDERS SHOWN AND DOUBLE BOUNCE BACK AT BOTTOM. COULD BE A STRONG BUY. (SUGGESTION ONLY)
Not strongest of predictions but has been at a high for long time, and recently showing downtrend, which we could catch some PIPS! In. (SUGESTION ONLY)
We can see that this bounce has repeated 4 times recently looking at chart. So this buy could be a good potential.
We can see it’s repeated this prediction twice which gives us strong evidence or it being repeated once bounce back of RED horizontal line THEN SELL!
SHOWN RESITANCE AND PULL BACK IN PREVIOUS SO COULD BE A STRONG BUY IF MARKET SHOWS BULLISH TREND.
WE COULD SEE POSSIBLE RESISTANCE AT RED BOTTOM LINE. BUY ONCE HIT RESISTANCE LINE AND PLACE SL AND TP AS SHOWN IN GRAPH
Buy opportunity on eurcad looking at daily chart we can see resistance bouncing in an upwards short trend as shown by (BLUE LINES TO SHOW THE EVIDENCE OF SUPPORT AND RESISTANCE). 🎯🎯🎯
PRICE IS BELOW MOVING AVERAGE ASWELL AS ICHIMOKU CLOUD WHICH SUPPORTS A SELL POSITION.