EURCAD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD EURCAD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Eurcadforcast
Eurcad Swing Position in downside with an amazing Reward to Risk
Price has formed a Monthly Source Supply and a Quarterly Destination Demand and now we have a downward confirmation in Weekly with a Supply fomed which also has a Deviation from the EMA which indicates a very strong imbalance in the Price Action.
EURCAD weekly analysis 📈Read the chart thoroughly, let me know your thoughts.
Potential up movement is expected from EURCAD since cot data shows eur is up by 10k and cad is down by 3k if this week closes at same conditions then next week this pair can be capitalised.
Stay notified for perfect entry next week.
All The Best!
EURCAD Sell Next Week (300+ pips) 📉Condition:-
1. Price reached monthly/weekly/daily resistance level
2. Price reaching previous demand area
3. Monthly price reached 0.382 Fibonacci level
4. COT - 1. EUR ⬆️ 2. CAD ⬇️
Entry:-
1. All the important prices are labelled in the chart
2. Study the chart precisely
3. Enter on 4hr
4. Enter when MACD and 10&20 ema go down
ALL THE BEST!