H4 - Bearish divergence followed by bearish convergence. So we may now expect a correction to happen and once the correction completes itself, we can start looking for sells. M15 - Two bearish divergence in a row, two false breaks. If the price breaks and closes below 1.5625, we can look for sells. Protection – Above last high. Invalidation – If the price...
Strong Sell Position EURCAD is in the top of down-trend channel. Targets: 1- 1.545 2- 1.541 3- 1.516 4- 1.461
Hello Traders. It looks like a weekly corrective structure is in the making. To completion of this correction it needs to go down. Selling after breakout can be very good trade. We have also a completed Gartley pattern and the target for drop will be 1.36500
Currency Pair: EUR.CAD Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Short Live EUR.CAD updates will be available in the comments section below. The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. Should my daily predicted...
Looks like a good opportunity to grab some pips. What do you think? comment below, please.
A lot of pairs have strengthened against CAD for past few weeks but I believe CAD strength will comeback. CAD bottoming process is near complete thanks to 2 weekly bullish bars.
Nice potential setup lining up here for next week.. Price breaking above a weekly resistance level 1.55500, & is now at channel/38.2% fibonacci support. If price closes for the week above where its currently at, I will look to go long next week with a great R/R Ratio.
Buying this pair to 1.57 as bullish engulfing breaks and shows a trend continuation movement on this pair. Price pulled back to the FIB .5 and wants to come back up Major Trend confirmed with 50MA
The sell setup is obvious Check the daily timeframe for the Expected Price Action -EPA Happy Trading (*_*)
We short this pair at the rejection of the 161.8% ext we have an ending diagonal on the 4 hour timeframe Happy Trading (*_*)
Price has reached a weekly supply level. Break of trendline indicates loss of momentum, sell orders are filling in. Short limit order placed. Will keep this post updated.