Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.4817). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
I can see this as a perfect buy position, This trade can take up to a year to touch the TP
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.4768). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
analysis mentioned on the chart.
EURCAD MOVING TOWARDS RESISTANCE WHAT CAN HAPPEN.....???? RED LINE : IF VOLUME IS HIGH THEN IT WILL BREAK THE RESISTANCE AND NOW WAIT FOR RETEST AND THEN.. GO LONG @ 1.55600 WITH STOP LOSS @ 1.55270 TAKE PROFIT @ 11.56600 GREEN LINE : IF VOLUME IS LESS AND FAIL TO BREAK THE RESISTANCE THEN GO SHORT @ 1.55550 WITH STOP LOSS @...
EURCAD Currently in Resistance Zone ..What we can expect..... 1) RED Price break the resistance level and move downwards for correction and NOW resistance zone act as Support Zone then GO LONG @ 1.55150 Take Profit @ 1.56280 2) BLUE Price fails to break resistance and return to Support Zone and then it make a move towards resistance ... ...
EURCAD - Retracement on support' and resistance levels and targets
EURCAD is trading close to the neckline of the head and shoulder pattern on the 4H chart. As soon as we get a single 4h close above the neckline, we enter a buy trade with stop loss at 1.45501 which is the approx depth of the shoulder. The up move in the pair is also supported by the daily candlestick pattern that formed a bullish engulfing pattern two days back....
Midterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5115 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the resistance #1 at 48 and it prevented price from more gains. A peak is...
The 30min chart of EUR/CAD is currently in downtrend. It has formed a full elliot wave as indicated in the chart. As per our analysis,we expect the pair to go through ABC corrective wave.