- Failure to create lower low and maintain bearish MS indicates bulls stepping in - Reverse head and shoulders pattern usually a bullish reversal pattern - Break of neckline shows momentum being transferred to upside
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This pair is trading in a Bullish momentum. The pair is above both Moving Avarages (20 and 50) RSI Is above the neutrality zone of 50 MACD is positive and above its signal line. Take Profit at 1.5182 Stopp Loss bellow support line at 1.4892 ( At least 20 Pips behind)
We may see a slight move up to complete the 4th wave on fib 38. then we can see the 5th wave downwards just before another correction
Hello, fellow traders! With the help of Elliott waves & as per marked levels, we are expecting the correction will end shortly & this pair will continue its journey towards wave-5. All the best!
EUR is strong. EURCAD is on a overall trend breakout uptrend created a W formation on the h1 timeframe and testing support on the h4 i expect more Bullish Moves.
Entry - Blue Box SL- red line TP1&TP2 - green lines
Here is our today's forecast for EURCAD. Our analysis is based on fundamental & technical metrics. According to our drawing EURCAD is coiling on support area. Based on our stand point the market will rise to the underlined resistance. Like & Comment Our Analysis, Please!
Pair Name : EUR/CAD Time Frame : 4hr's Scale Type : Large Scale Analysis Way : Volume + Classic + High & low Direction : Bullish ——————— Description The price is now breaking the trend of an important role-exchange at 1.50120, and also the background is stronger buying than selling And the price is now at a high liquidity area and at the same time it has an...
As you can see, EURCAD is pushing up, I'm hoping that this will reach the 0.5 Fib level and see rejection, if this happens I will be going short targeting a new Lower low.
we need to break this supply area and retest it then continue the up wave
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