EURCAD 4 Hour Analysis (11 August 2023) 1. Price is in a channel 2. We can see bearish divergence with RSI 3. If the price breaks from the channel high, we can expect long 4. If the price breaks from channel low, 5. So, we will wait for proper confirmation then we can enter
The pair is bouncing from the support. This is a key pivot level which has been tested several times in the past. The momentum oscillators are also showing a slight positive divergence. Longs have a clear risk management below the support level and we can see a substantial rally from this level.
0.23 level se inverted hammer and then bearish candle bna kr confirmation ke sth fall ho rha h
*The sell signal activates as the Fib Retracement zone gets rejected perfectly in this Down trend at higher Tf*
resistance se fall hone ke bd 0.61 retracement level ko break krke retest bhi kr chuka h entry to activate ho chuki h
EUR CAD upside move possible Buying above the 1.46254 Stoploss 1.45268 Target 1.48431
Frist Target achieved as the report was given on 19 july 2023, waiting for target 2
EUR CAD downside move possible Sell below 1.46087 Stoploss 1.47231 Target 1.44102
EUR CAD upside move possible Buying above the 1.47156 Stoploss 1.4677 Target 1.48579
EURCAD . 1hr . FXCM (20.07.2023) market current situation is sell trend in 1 hour so i think market making double bottom so if market make double bottom then 75% chance market going to reverse trend means buy. zone to zone.
EURCAD 4 Hour Analysis (20 July 2023) 1. Price is in divergence with Stochastic 2. also, we can see the price with important fib levels 3. If the price breaks 0.382 we can expect a bullish move 4. If the price breaks 0.5 fib level we can expect a bearish move 5. For a trend confirmation we can also check the values from ADX or DMI 6. Though the...
FX:EURCAD As you can see that (For MONDAY 17-07-2023), EURCAD has created Double top pattern in 15Min Time frame at the important resistance level. If it breaks the drawn neckline, we can go for sell side and capture some pips. Always go for retest entry to avoid fake Breakouts. Plan your trade accordingly....
After the breakout from the rectangle on the hourly charts the pair is now testing the support. Stops will be below the range or in this case in the middle of the range. Instead of using the target here we can just use the moving average to ride the trend for as long as possible on the hourly time frame. One can also use the ichimoku for the same
FX:EURCAD As you can see that, EURCAD has formed Flag and pole pattern, and it is going to give a 3 touch point horizontal breakout. If the candle closes properly without wick in 5 min or in 15 min we can plan for buy side. Take retest entries.. Plan your trade accordingly...
EURCAD 4 Hour Analysis (28 June 2023) 1. Price is in strong supply area 2. We can see the price forming inside candle 3. Also, we can observe bearish stoch divergence So, based on inside candle breakout we can enter short trade, also if the inside canle is breaking from upside, then we need to focus on the supply area and to check if price crosses...
EURCAD 4 Hour Analysis (20 June 2023) 1. Price is in ascending channel 2. also, the current price is in consolidation or range 3. we can see the Stochastic is in oversold region and we can observe the divergence also 4. Possible scenario: if the channel and consolidation breaks from downside, we can enter short or, with divergence and consolidation box...